RealKey
‪(213) 433-7766‬

2081 Oakwood Dr, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 2 bath

2081 Oakwood Dr, East Palo Alto, California 94303 home-pic-0
ACTIVE$899,000
2081 Oakwood Dr, East Palo Alto, California 94303
3Beds
2Baths
1,480Sqft
10,860Lot
Year Built
1930
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$607
HOA
-
Days on market
-
Sold On
-
MLS number
41117887
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 4 Cons,6 Pros. Rank: price - $899.0K(10th), sqft - 1480(48th), beds - 3(50th), baths - 2(50th).

Innovation from nearby Palo Alto and Stanford University mingle with the hum of opportunity on the West side of Highway 101. This 1,480-square-foot single-family residence, with updated electrical service and wiring, and additional space from laundry room, a charming 1930s-era relic with three bedrooms and two baths, its structure a testament to resilience amid transformation. Yet, it's the rezoning to R-MD-1 that truly ignites its story: envision on a 1/4 acre, sleek townhomes rising like modern sentinels, multi-family havens fostering community, or a bespoke dream home crafted for the Silicon Valley soul, all mere steps from the eclectic eateries of University Avenue, the intellectual pulse of Stanford, and the tech titans of Facebook's campus. Here, where the freeway's rhythm meets quiet residential repose, this property isn't just land—it's a gateway to legacy, priced at half the premium of its prestigious neighbors, beckoning visionaries to reimagine, rebuild, and thrive in the Bay Area's golden tomorrow.

Nearby schools

2/10
Brentwood Academy
Public,•K-5•0.8mi
8/10
Laurel Elementary School
Public,•K-5•1.3mi
2/10
Willow Oaks Elementary School
Public,•K-8•0.6mi
/10
Ronald Mcnair Academy
Public,•6-8•1.0mi
3/10
Costano Elementary School
Public,•K-8•1.1mi
8/10
Hillview Middle School
Public,•6-8•3.2mi
7/10
Menlo-Atherton High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
11/20/25
Listing
$899,000
11/16/21
Sold
$1,150,000
Condition Rating
Poor
Built in 1930, the property is explicitly described as a 'relic' requiring 'extensive renovation/demolition.' While the electrical service and wiring have been updated, and the kitchen and one bathroom feature modern renovations (white shaker cabinets, granite, stainless steel appliances, contemporary shower), the rest of the house, including the second bathroom, other living areas, and the exterior, remains very dated, worn, and in poor condition. The overall structure needs substantial repairs and rehabilitation, with the listing emphasizing its redevelopment potential over its current livability.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10860, living area = 1480.
Development Opportunity (R-MD-1 Zoning): The property is rezoned to R-MD-1, allowing for multi-family development such as townhomes or multi-family havens on a substantial 1/4 acre lot, offering significant investment potential.
Prime Silicon Valley Location: Strategically located near University Avenue's amenities, Stanford University, and Facebook's campus, appealing to tech professionals and offering strong rental demand.
Large Lot Size (1/4 Acre): A generous 10,860 sqft lot provides ample space for redevelopment under the new zoning, maximizing potential unit count or a bespoke dream home.
Competitive Pricing: Positioned at 'half the premium of its prestigious neighbors,' offering a potentially undervalued asset in a high-demand market, especially considering its development upside.
Updated Electrical Infrastructure: The existing 1930s residence benefits from updated electrical service and wiring, reducing immediate foundational upgrade costs for essential systems.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Age and Condition of Existing Structure: Built in 1930, the current 1,480 sqft residence is described as a 'relic,' implying significant renovation or demolition costs for modern living standards, or as part of a redevelopment project.
Extensive Renovation/Demolition Required: Given its age and the strong emphasis on redevelopment, buyers looking for a move-in ready home will find the existing structure requires substantial investment, or it will be demolished for new construction.
Limited Immediate Livability (Implied): The description focuses heavily on future development rather than the current home's comfort or modern amenities, suggesting it may not be ideal for immediate occupancy without considerable upgrades.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state