Property Overview:
1508 Bay Rd is a single-family home in East Palo Alto, CA, built in 1930. It features 2 bedrooms, 1.5 bathrooms, and 1,230 sq. ft. of living space on a 10,500 sq. ft. lot (per Assessor). The home includes a parking garage and is currently estimated at $1,351,000 (last sold for $725,000 in 2015). The property is Spanish-style and in need of TLC.
Neighborhood Highlights:
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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%).
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Schools:
Nearby schools include Cesar Chavez Ravenswood Middle, Costano Elementary, and KIPP Esperanza High.- Average SAT score: 1062 (above state average of 975).
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Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs.
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%).
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Demographics:
- Community population: 41,564 (4% growth since 2000).
- 69% families with children.
- Largest age group: 35-44 years (14.67%), followed by 25-34 years (14.04%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.2°F (January), 87.2°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $82,787.
- Average annual spending: $59,990.
Property Features:
- Charming Spanish-style home with hardwood floors and large windows.
- Spacious garden with mature fruit trees and lush vegetation.
- Straddles two streets: Bay Road and Weeks Street.
- R-MD-2 zoning: Higher-density multifamily—ideal for developers/investors.
- Development potential: Build multi-family residences or townhomes.
- Kitchen with gas stove and flexible adjacent rooms.
- Patio doors open to a fenced backyard shaded by mature trees.
- Needs renovation but offers limitless potential for redevelopment.
Location Benefits:
- Convenient access to University Ave, downtown Palo Alto, Facebook, and major commute routes (including Hwy 101).
- Close to restaurants, shopping, and tech companies.
- Secluded, rare large lot with endless possibilities for future growth and development.