Duplex with Private
For Sale
$1,060,000
1815 Woodland Avenue, East Palo Alto, CA 94303
Two large 2-bedroom, 1-bath units each feature an attached garage and private yard.
Days on Market32
Property Features for 1815 Woodland Avenue
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
2,073 SF
Year Built
1957
Listing Agency:
Compass
(650) 868-0738
Listed By:
Scott Kilpatrick · License #01271912
(650) 868-0738
Source:
Brucebaldwin
Added: Jun 29
Changed: Jul 28
Last Checked: Jul 30 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This charming duplex offers two oversized units, each with two bedrooms and one bath. Both units include attached garages and washer/dryer hookups, along with private yards.
The property is located west of 101 and south of University Ave in an up-and-coming neighborhood in East Palo Alto, with easy access to 101 and University Ave and the surrounding Palo Alto and Stanford area amenities.
Each unit is configured as a separate residence within the duplex, creating a straightforward income-producing layout with attached parking and outdoor private space.
The property is located west of 101 and south of University Ave in an up-and-coming neighborhood in East Palo Alto, with easy access to 101 and University Ave and the surrounding Palo Alto and Stanford area amenities.
Each unit is configured as a separate residence within the duplex, creating a straightforward income-producing layout with attached parking and outdoor private space.
Key Highlights
- 1957‑built duplex featuring two oversized 2‑bedroom, 1‑bath units
- Each unit includes an attached garage
- Washer/dryer hookups available in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.7k | $33.60 |
| − Vacancy | −$3.6k | −$1.75 |
| EGI | $66.0k | $31.85 |
| − OpEx | −$19.8k | −$9.55 |
| NOI | $46.2k | $22.29 |
2,073 SF · lease $33.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.2K
$577.7K – $770.2K
NOI $46,212 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$562.9K
$492.6K – $656.7K
NOI $39,404 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,605 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two large 2-bedroom, 1-bath units each feature an attached garage and private yard.
Where is this duplex located?
The property is located at 1815 Woodland Avenue East Palo Alto, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: 1957‑built duplex featuring two oversized 2‑bedroom, 1‑bath units; Each unit includes an attached garage; Washer/dryer hookups available in each unit
