Property Overview:
1039 Newbridge St and 2323 Menalto Ave are two single-family homes on one lot in East Palo Alto, CA.
- 1039 Newbridge St: Built in 1957, features 2 bedrooms, 1 bathroom, 850 sq. ft., and a 1-car garage.
- 2323 Menalto Ave: Features 2 bedrooms, 1 bathroom, 2-car garage, and laminated flooring.
- Both homes have updated kitchens with granite countertops, central heating, and dedicated outdoor space.
- Separate gas/electric meters, shared water.
- Estimated home value: $958,700 (for 1039 Newbridge St).
- Both units are tenant-occupied.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 19.1% (higher than state average of 11.8%).
- Property crime risk: 11.7% (higher than state average of 10.8%).
-
Schools:
Nearby schools: Cesar Chavez Ravenswood Middle, Belle Haven Elementary, Oxford Day Academy.- Average SAT score: 1062 (above state average of 975).
-
Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs.
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%).
-
Demographics:
- Community population: 41,564 (4% growth since 2000).
- 69% families with children.
- Largest age groups: 35-44 years (14.67%), 25-34 years (14.04%).
-
Natural Disaster Risk:
- High flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 51.2°F (January), 87.2°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0.1 inches/year.
-
Cost of Living:
- Median household income: $82,787.
- Average annual spending: $59,990.
Property Features:
- Two homes on one lot with separate street addresses.
- Live in one unit & rent the other, or rent both for investment.
- Spacious living rooms with fireplace (Newbridge).
- Updated kitchens with granite countertops and ample dining space.
- Well-maintained interiors and exteriors.
- Long driveway for easy access.
- Central heating in both homes.
- Dedicated outdoor space for each unit.
- Stable tenants in place.
Location Benefits:
- Close to schools, shopping, bus lines, grocery stores, restaurants, gyms.
- Near major tech companies: Amazon, Facebook, Google.
- Centrally located with easy access to Highway 101 and Caltrain.
- Accessible to neighboring cities and the Bay Area.
- Ideal for first-time home buyers or investors.