Building Details

Building Size 2,125 SF

Year Built 1957

Listing Agency: Compass

Listed By: Scott Kilpatrick · License #01271912 Show Phone

Source: Lynnnorth

Added: Oct 21 Changed: Oct 25 Last Checked: Oct 26 at 11:25PM

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Investment Insights

Based on property information with market context.

Built in 1957, this duplex has two residences, each with an attached private garage, washer and dryer hookups, and a private yard. The front home is vacant and has undergone a permitted renovation to the studs. The rear home is occupied by a long-term tenant.

The property offers access to Highway 101, downtown Palo Alto, and Stanford.

Key Highlights

• Two residential units, each with an attached private garage
• Front residence is vacant and renovated to the studs with permits
• Rear residence has a long‑term tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,371

Cap Rate

4.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$947,420 $947.4K

Cap Rate 7%

$676,729 $676.7K

Cap Rate 9%

$526,344 $526.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,125 SF

Gross rent

$71.4K $33.60/SF

− Vacancy

−$3.7K −$1.75/SF

EGI

$67.7K $31.85/SF

− OpEx

−$20.3K −$9.55/SF

NOI

$47.4K $22.29/SF

Area

Santa Clara County, CA

Vacancy

5.22%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$947,420

Cap Rate 7%

$676,729

Cap Rate 9%

$526,344

Alternative Uses

Best Use

Multifamily LT 5

$676.7K

$592.1K – $789.5K (±1% cap)

NOI $47,371 @ 7.0% cap · market cap 4.31%

Second Best

Apartment 5plus

$577.0K

$504.9K – $673.2K (±1% cap)

NOI $40,392 @ 7.0% cap · market cap 3.67%

Theoretical Best

Office A

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,803 @ 7.0% cap · market cap 8.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

579

Businesses Nearby

Explore this area Business Placement

Demographics for 94303, CA

48,281

Population

15,927

Households

3

Avg Household Size

35

Median Age

48%

College-Educated

85%

High-School Grad

8.4 sq mi

ZIP Area

5,748

Density / Sq Mi

$148,031

Median Household Income

$55,788

Median Earnings

$2,710

Median Rent

$1,825,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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2,073 SF

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences include washer and dryer hookups and their own yard space.

Where is this duplex located?

The property is located at 1811 Woodland AVE East Palo Alto, CA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Two residential units, each with an attached private garage; Front residence is vacant and renovated to the studs with permits; Rear residence has a long‑term tenant