Building Details

Year Built 1957

Buildings 1

Stories 1

Listing Agency: Compass

Listed By: Scott Kilpatrick · License #01271912 Show Phone

Source: Compass

Added: Jun 24 Changed: Oct 10 Last Checked: Oct 12 at 9:39PM

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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 2,073-square-foot duplex contains two oversized two-bedroom, one-bath units. Each residence includes an attached garage, washer and dryer hookups, and a private yard. One bathroom has recently received new improvements. Constructed in 1957, the property provides a defined two-unit configuration with individual residential outdoor areas and garage parking.

The property is positioned west of 101 and south of University Avenue in East Palo Alto. It offers access to Highway 101 and University Avenue, with Palo Alto and the Stanford campus nearby. Retail, restaurants, employment centers, and other services in the Palo Alto area are also accessible from the property.

Key Highlights

• Two 2‑bedroom, 1‑bath units within a duplex
• 2,073 square feet on an East Palo Alto property built in 1957
• Attached garage serving each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,212

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$924,240 $924.2K

Cap Rate 7%

$660,171 $660.2K

Cap Rate 9%

$513,467 $513.5K

Market Conditions

NOI Build-Up for 2,073 SF

Gross rent

$69.7K $33.60/SF

− Vacancy

−$3.6K −$1.75/SF

EGI

$66.0K $31.85/SF

− OpEx

−$19.8K −$9.55/SF

NOI

$46.2K $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%

$924,240

Cap Rate 7%

$660,171

Cap Rate 9%

$513,467

Alternative Uses

Best Use

Multifamily LT 5

$660.2K

$577.7K – $770.2K (±1% cap)

NOI $46,212 @ 7.0% cap · market cap 4.36%

Second Best

Apartment 5plus

$562.9K

$492.6K – $656.7K (±1% cap)

NOI $39,404 @ 7.0% cap · market cap 3.72%

Theoretical Best

Office A

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,605 @ 7.0% cap · market cap 8.26%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Hair Salon Nail Salon Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Built in 1957, the property offers two two-bedroom units with attached garages and laundry hookups.

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: Two 2‑bedroom, 1‑bath units within a duplex; 2,073 square feet on an East Palo Alto property built in 1957; Attached garage serving each unit