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4250 El Camino Real B118, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 1 bath

4250 El Camino Real B118, Palo Alto, California 94306 home-pic-0
ACTIVE$789,000
4250 El Camino Real B118, Palo Alto, California 94306
2Beds
1Bath
960Sqft
Lot
Year Built
1983
Close
-
List price
$789K
Original List price
$849K
Price/Sqft
$822
HOA
$931
Days on market
-
Sold On
-
MLS number
ML81999686
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $789.0K(16th), sqft - 960(16th), beds - 2(50th), baths - 1(21th).

INCREDIBLE DEAL OPPORTUNITY, INSTANT EQUITY! THIS IS NOT A TEASER PRICE... FOR $800,000, OR $833.33 PER SQ. FT. OR HOW ABOUT EVEN BETTER AT $780,000!! 780K W/$3900 PER MO IN RENTAL INCOME - IS A CAP RATE OF 6% WHICH IS UNHEARD OF! Property was appraised in this year's tax assessment at $900,000. CALL PAYNE @ 408.620.4372 AND HE IS YOUR DEAL MAKER AND WILL. MAKE. IT. HAPPEN. 11 Additional highlights include in-unit laundry, a cozy fireplace, secure underground parking, and access to resort-style amenities such as a community pool and clubhouse. The Palo Alto Redwoods complex is beautifully maintained with mature redwoods and green space, creating a peaceful, park-like setting. HOA fee covers ALL water utilities, landscaping, community pool, sauna, and garbage. Located near top-rated schools, vibrant shopping and dining along El Camino, and major tech employers. Easy access to Stanford, Caltrain, and commuter routes.

Nearby schools

7/10
Juana Briones Elementary School
Public,•K-5•0.6mi
7/10
Terman Middle School
Public,•6-8•0.3mi
9/10
Henry M. Gunn High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
08/23/25
Price Change
$789,000-1.4%
08/20/25
Price Change
$799,999
06/02/25
Listing
$848,888
Condition Rating
Fair
Built in 1983, this property is over 40 years old. While the images show a clean and well-maintained interior with what appears to be an updated bathroom (modern tiles and fixtures), the overall style, including the reddish-toned flooring, suggests it has not undergone a full, recent renovation. There are no images of the kitchen, which is a critical component for assessment. The property appears functional and well-kept, aligning with the 'Fair' category, indicating it's aged but maintained and may require minor updates to meet current aesthetic standards.
Pros & Cons

Pros

Prime Palo Alto Location: Situated in highly sought-after Palo Alto, offering proximity to top-rated schools (Palo Alto Unified), Stanford University, major tech employers, and vibrant shopping/dining districts.
Exceptional Value & Investment Potential: Listed significantly below its recent appraised value of $900,000, providing immediate equity and an attractive 6% cap rate for investors, which is rare in this market.
Comprehensive HOA & Resort-Style Amenities: The HOA fee covers all water utilities, landscaping, and garbage, while providing access to desirable amenities including a community pool, clubhouse, sauna, and secure underground parking.
Desirable In-Unit Features: The unit includes convenient in-unit laundry and a cozy fireplace, enhancing comfort and livability for residents.
Serene & Well-Maintained Community: The Palo Alto Redwoods complex is beautifully maintained with mature redwoods and green space, creating a peaceful, park-like setting for residents.

Cons

Substantial Monthly HOA Fee: The $931.0 monthly HOA fee, while inclusive of many services, represents a significant ongoing expense that could impact affordability and cash flow for potential buyers.
Potential for Interior Updates: Built in 1983, the unit's interior may require modernization or updates to finishes and fixtures to align with current market expectations, as no recent unit-specific renovations are mentioned.
Aggressive Marketing Language: The listing description's overly enthusiastic and informal tone ('INCREDIBLE DEAL OPPORTUNITY, INSTANT EQUITY!', 'DEAL MAKER') might be perceived as unprofessional or raise skepticism among some discerning buyers.

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