1879 Woodland Avenue, East Palo Alto, California 94303, East Palo Alto, - bed, bath
ACTIVE$1,365,000
1879 Woodland Avenue, East Palo Alto, California 94303
0Bed
0Bath
3,892Sqft
10,001.38Lot
Year Built
1948
Close
-
List price
$1.36M
Original List price
$1.47M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015744
Home ConditionFair
Features
Patio
View-
About this home
West of 101, South of University Ave. Great building with four one bedroom units, many updates, each unit has patio, one with large private yard. Plenty of parking. Large commercial live work space, endless opportunity with this space. Clean property, plenty of upside in rents, strong stable residents.
Price History
Date
Event
Price
09/10/25
Price Change
$1,365,000-6.8%
07/24/25
Listing
$1,465,000
Condition Rating
Fair
The property was built in 1948, making it over 70 years old. While the description mentions 'many updates' and a 'clean property,' there are no interior images provided, especially for kitchens and bathrooms, which are crucial for assessing condition and style. The exterior images show an older building with some visible wear on elements like the balcony railing and stairs. Based on its age and the limited visual evidence, the property is likely functional and maintained, but would require minor updates to bring key areas up to modern aesthetic and functional standards.
Pros & Cons
Pros
Diverse Income Streams: The property features four 1-bedroom residential units and a large commercial live-work space, offering multiple revenue opportunities and flexibility.
Strong Rental Upside: With 'plenty of upside in rents' and 'strong stable residents,' the property indicates potential for increased cash flow and low vacancy rates.
Recent Property Enhancements: Described as having 'many updates' and being a 'clean property,' suggesting good maintenance and potentially reduced immediate capital expenditures.
Tenant-Centric Amenities: Each residential unit includes a patio, one with a large private yard, complemented by ample parking, enhancing tenant appeal and retention.
Strategic Location & Lot Size: Located 'West of 101, South of University Ave' in East Palo Alto, a desirable area, on a generous 10,001 sqft lot, offering potential for future value appreciation or expansion.
Cons
Property Age: Built in 1948, the property's age may imply potential for aging infrastructure or systems that could require future maintenance or upgrades, despite recent updates.
Recent Price Adjustment: A recent price reduction from $1.465M to $1.365M could suggest initial overpricing or market resistance, potentially raising buyer questions.
Undisclosed Update Specifics: While 'many updates' are mentioned, the lack of detailed information on the scope and nature of these updates (e.g., major systems, structural) necessitates thorough due diligence from prospective buyers.