Property Overview:
2328 Menalto Ave is a single-family residence in East Palo Alto, CA 94303, built in 1954. It features 3 bedrooms, 1.5 bathrooms, and approximately 1,020 sq. ft. of living space. The property sits on a huge 9,456 sq. ft. lot and includes a parking garage. The home is currently in pre-foreclosure with estimated market values ranging from $858,000 to $1,461,000 (recent estimate: $1,312,000). The property is described as an excellent investment opportunity and is being sold as-is.
Neighborhood Highlights:
-
Population:
- Community of 41,564 residents (4% growth since 2000)
- 69% families with children
- Largest age group: 25-34 years (14.04%), followed by 35-44 years (14.67%)
-
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%)
-
Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%)
-
Schools:
- Nearby schools: Cesar Chavez Ravenswood Middle, Belle Haven Elementary, Oxford Day Academy
- Average SAT score: 1062 (Math: 546, English: 516), above state average of 975
-
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:
- Large 9,456 sq. ft. lot with potential for expansion
- 3 bedrooms, 1.5 bathrooms
- Move-in condition
- New double-pane windows
- Convenient location
- Parking garage
- Property sold as-is
- Excellent investment opportunity or contractor’s dream
Location Benefits:
- Commuter-friendly: Easy access to major highways and public transportation
- Family-oriented community with a high percentage of families with children
- Strong school performance with above-average SAT scores
- Significant potential for property value growth due to lot size and location