2118 Addison Ave, East Palo Alto, California 94303, East Palo Alto, - bed, bath

home-pic
ACTIVE$1,375,000
2118 Addison Ave, East Palo Alto, California 94303
4Beds
4Baths
5,000Sqft
5,000Lot
Year Built
1951
Close
-
List price
$1.38M
Original List price
$1.38M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41107746
Home ConditionExcellent
Features
View-

About this home

2118 Addison Avenue is a well-positioned 4-unit apartment community in the city of East Palo Alto, California. Situated on a 5,000 square foot lot, the property was built in 1951 and offers a gross building area of approximately 2,064 square feet, featuring a mix of two-bedroom and one-bedroom floor plans designed with comfort and function in mind. Located just one mile from the Ravenswood 101 Shopping Center, tenants enjoy easy access to popular retailers such as Home Depot, IKEA, Target, and the PGA Superstore. T he property is also ideally situated near Highway 101, Stanford University, and many of the nation’s top tech employers, including Google, Apple, Facebook (Meta), Amazon, LinkedIn, SAP, Oracle, Cloudera, Visa, and Sony. East Palo Alto offers a vibrant mix of historic neighborhoods, cultural attractions, and retail conveniences, making it a sought-after location for both living and investing. With strong employment fundamentals, low vacancy rates, and a prime Silicon Valley location, 2118 Addison Avenue presents an excellent opportunity for investors and an attractive housing option for Peninsula residents. Buyer to do their own due diligence to confirm all details.

Nearby schools

2/10
Brentwood Academy
Public,K-50.8mi
8/10
Laurel Elementary School
Public,K-51.3mi
2/10
Willow Oaks Elementary School
Public,K-80.6mi
/10
Ronald Mcnair Academy
Public,6-81.0mi
3/10
Costano Elementary School
Public,K-81.0mi
8/10
Hillview Middle School
Public,6-83.2mi
7/10
Menlo-Atherton High School
Public,9-121.4mi

Price History

Date
Event
Price
08/10/25
Listing
$1,375,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (52 Listings)
Beds44
50%
Baths42
83%
Square foot5,0001,625
98%
Lot Size5,0007,020
11%
Price$1.38M$3.17M
28%
Price per square foot$275$1,705
2%
Built year19511952
45%
HOA
Days on market86141
30%
Condition Rating
Excellent

Despite being built in 1951, the property has clearly undergone an extensive and very recent renovation. The images showcase a modern kitchen with new light grey shaker cabinets, contemporary wood-look countertops, white subway tile backsplash, and new stainless steel appliances (range, microwave, dishwasher). The flooring throughout the visible interior (kitchen, bedroom) is new, light-toned laminate or LVP. Walls are freshly painted in a neutral color, and lighting has been updated to recessed fixtures. The exterior also appears freshly painted and well-maintained with updated doors and windows. While no bathroom images are provided, the consistency of the high-quality, modern updates in the kitchen and bedroom suggests a similar standard throughout, making the property virtually new in its visible components and move-in ready.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: As a 4-unit apartment community, the property offers diversified income streams and strong investment potential, ideal for investors seeking stable returns in a high-demand market.
Premier Silicon Valley Location: Strategically located near Stanford University and major tech employers (Google, Apple, Meta, etc.), ensuring high tenant demand and robust rental market fundamentals.
Robust Rental Market Fundamentals: The area boasts strong employment fundamentals and low vacancy rates, indicating a highly desirable and stable environment for rental properties.
Excellent Retail & Amenity Access: Situated just one mile from Ravenswood 101 Shopping Center, providing tenants with convenient access to major retailers like Home Depot, IKEA, and Target.
Strategic Transportation Access: Its ideal positioning near Highway 101 offers easy commuting for tenants, significantly enhancing the property's overall appeal and accessibility.

Cons

Age of Construction: Built in 1951, the property is over 70 years old, which may necessitate significant capital expenditures for system upgrades, renovations, or addressing deferred maintenance.
Potentially Small Unit Sizes: With 2,064 gross building square feet across 4 units, the individual unit sizes are likely compact, which could limit the tenant pool or rental income potential compared to properties with larger units.
Emphasis on Buyer Due Diligence: The explicit mention for 'Buyer to do their own due diligence' for an older property suggests potential underlying issues or conditions that may require additional investigation and investment beyond the initial purchase price.

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 market stats by State