2833 FORDHAM ST, East Palo Alto 94303 (East Palo Alto)
$109,500 Beds: 3 bed(s) Baths: 1 bath(s) MLS: 80813385

Bed/Bath: 3 / 1
SqFt: 1,030
Lot: 5,000 sq ft
Yr Built / Age: 1953 / 55 years
List Price: $109,500
Assoc Fee:
Remarks
This property is the perfect find for investors & buyers! This home is priced to sell, but will need a lot of time & work! This diamond in the rough has great potential to become a worthwhile investment! Don’t let yourself miss out on this golden opportunity!!

Like the people who line up outside of the Apple stores to buy iPhones and MacBook Airs, you really do have to get up early sometimes to buy houses in the Bay Area. This freaking amazing deal will probably be gone by the time you read this. And you’ll feel sorry for missing out on the $548,000 equity you missed as this house last sold in 2007 for $657,5000.

Wow. Don’t you feel embarrassed for missing this golden opportunity.

My god. $109k for a house in the peninsula. My god.

MLS-2.com: Property Details
2373 PALO VERDE, East Palo Alto,CA,94303 – $449,900

2 Beds 820 Sq.Ft. Aprx. Off Street Parking MLS#: 758937
1.0 Baths 4,850 Lot Size 72 Yrs Old Aprx. List Date: 2007-10-22

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 2373 PALO VERDE, East Palo Alto,CA,94303
Great potential! Needs some TLC. Motivated Seller. Termite Inspection on file. Trailer on back will be removed.

I hear those whiners all the time: “Boo hoo! I’ve got a MD/PhD and I can’t afford a house in the Bay Area! Boo hoo! Fundamentals are out of whack! Boo hoo!”

Frickin’ whiners.

Well here’s the house that will shut your trap – if you don’t buy 2373 Palo Verde today, you can’t whine anymore. Cheaper than a condo, this house even comes with a Termite Inspection on file! A TERMITE INSPECTION. FREE.

As if that wasn’t enough, as if that wasn’t blood from a stone, they are going to remove the trailer in the back for free.

What more can you ask for? $449k! They’re giving this away! Stop whining and start buying!

MLS-2.com: Property Details
1169 SARATOGA AV, East Palo Alto,CA,94303 – $459,000

2 Beds 0 Sq.Ft. Aprx. 1 Car Garage MLS#: 777851
1.0 Baths 5,800 Lot Size 59 Yrs Old Aprx. List Date: 2008-02-12

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 1169 SARATOGA AV, East Palo Alto,CA,94303
Vacant.Hardwood floors throughout, eat-in kitchen. Sold “as-is” – Split level home with bedrooms upstairs. Huge laundry room in back of house with separate entrance.All appliances included.Lots of storage. All reports are available online. Gated good size lot offers potential.Call agent for more information.

Does this house look familiar to you?

Well, it should! It was featured back in April 2007!

And with a dramatic price cut too! Now this house is affordable! Also, look at the new details: laundry room in the back of the house with separate entrance.

AMAZING.

There’s nothing I hate more than having a laundry room inside the house. It’s so disgusting and so inconvenient. I’d much rather go outside and around to use my laundry room.

But more importantly, this house is a testament to the entrepreneurial spirit of Silicon Valley – can you say “Coin op opportunity?” “Wash and fold opportunity?”

Get off your lazy ass. This is already a steal! Steal it and start your cash flow today!

Thanks to Burbed reader Sourav for this find:

Very Clean – Beautifluly Remodled Home ++Pics++
1200 / 2br – Very Clean – Beautifluly Remodled Home Pics (east palo alto)

2164 Poplar Ave, East Palo Alto

This Bungalow style home is located in East Palo Alto. This cozy home is conveniently located near shopping and transportation and the trendy University Avenue area.

The home has 2 bedroom and 1 Bathroom. The House also has been fully remodeled with new paint, granite counter tops, and a large front yard patio.
• Pets are negotiable. • Lease negotiable • AVAILABLE NOW • Security Deposit $1200.00 Please Drive by unit and take a look. If you have any questions please feel free to call 650 270 6869 or 650 344 4066 or just reply to this add.

Hey that seems familiar! Let’s take a stroll down memory lane!

February 2006:

July 2006:

Now:

Now:

Hm… let’s say you put down 10% – thus your 30 year mortgage would be $2181.76 alone. But yet rent is $1300 a month.

Where does that $881.76 a month go? I’m terribly confused – can someone help explain?

I know this is late, but this caught my attention:

San Jose Mercury News – East Palo Alto fire leaves 14 without a home
East Palo Alto fire leaves 14 without a home
Article Launched: 01/27/2008 11:47:16 AM PST

Fourteen people narrowly escaped a devastating East Palo Alto house fire when an alert little girl warned her family members early Sunday morning.

The fire, which was reported at 1:12 a.m., took off intensely just after the five adults and nine children got out of the house on 2393 Glen Way. There were no injuries.

“It’s amazing they all got out,” said Fire Battalion Chief Tim Campbell. “She truly saved their lives.”

Props to the kid! Now that’s a hero!

What’s really unfortunate is that these people must’ve just moved in a few months ago as this house was sold last October!

Bummer. At least they got out with their lives thanks to this hero!

UPDATE: Thanks to those who pointed out that I linked to the wrong house. Here is the right link. The house has a Zestimate of $551,500 and 990 sqft. Also, this article has more information on the fire:

Johnston said the house — a rental unit — contains no smoke detectors, has an illegally converted garage and a second kitchen. From the looks of it, somebody converted the house almost into a duplex, he said.

Further proof that when you rent, you put your lives at risk! Just like DreamT recently posted in this comment:

I am happy for you for making it safely in your neighborhood in the past two years. My experience is different. We were renting in the MView triangle, ripe with drugs, car thefts and a murder all within or nearby our condominium complex. We moved and bought into a SFR just for safety reason. Long story short, your personal experience or mine are of little relevance, best keep it to statistics that you can extract off the MView Voice to back my assertion that renting generally exposes one to higher-crime areas.

Reports
868 RUNNYMEDE ST
PALO ALTO (East Palo Alto) 94303
Detached Single Family (Class 1)
Bed/Bath: 2 / 1
SqFt: 1,020
Lot: 32,670 sq ft
Age: 99 years
List Price: $1,250,000
Assoc Fee:
Remarks
HUGE LOT ! 32,670 sf. with a 2-story house -2 bedroom and 1 bath House is between “Rose-Garden”subdivision and 7 new 2story homes under construction.Call your investors and developers!!!

At first, you might think: Hm… $1.25 million for a 99 year old 2/1 with 1020 sqft?

But then you perk up: it’s East Palo Alto.

And then you perk up even more: It’s on a 32k sqft lot.

HOLY COW. 32,000 sqft! Good lord! What can youdo with all that land?

Personally, I’d take acue from the present owner:

What was going on there? Copper ore strip mining! You know – the commodities market is going through the roof these days after all! This is your chance to become rich!

Just think of the potential. It’s like the 1849′s all over again if you buy this $1.25 million property. Fulfill your Californian destiny – speculate today and profit!

MLS-2.com: Property Details
140 JASMINE WY, East Palo Alto,CA,94303 – $499,9503 Beds 1560 Sq.Ft. Aprx. No Garage MLS#: 707780
1.0 Baths 5,000 Lot Size 56 Yrs Old Aprx. List Date: 2007-02-16Description – 140 JASMINE WY, East Palo Alto,CA,94303
3 Bedroom Home, Garage has been converted to 2 additional rooms. Nice Kitchen w/tile. Hardwood Floors.

You’re kidding me – the garage has been converted to 2 additional rooms?

Seriously, if the listing didn’t have that, I would’ve never guessed. For a minute, I was thinking “Wow, the cars sure will be cozy and comfortable sleeping at night in such a nice garage.” Instead, your kids can be!

1950 McNair Street, Near Palo Alto
$750000 1950 McNair Street, Near Palo Alto
Reply to: see below
Date: 2007-09-21, 11:55AM PDT1950 McNair Street, Near Palo Alto, CA

Near Palo Alto? So is this in Atherton, Mountain View, Menlo Park? Cupertino even maybe?

Can you guess from this photo what city this is actually in?

Thanks to Burbed reader Glen for this find!

MLSlistings Property Detail for MLS number 745545
2480 GONZAGA ST
East Palo Alto, CA 94303
$439,900

This Single Family Residence has the following features:
MLS#: 745545 Approx Age: 56 Years Approx Sq Ft: 1010
Detached Single Family 1 Story Cottage/Bungalow
3 Bedrooms 1 Bathroom 1 Shower over Tub

At just $434 per square foot, this is a far better deal than yesterday’s East Palo Alto house. On the other hand, this house doesn’t come with any suggestions on how to turn this into a great investment project.

Would you go for this one? Or the one from yesterday?

MLSlistings Property Detail for MLS number 742945
144 DAPHNE WY
East Palo Alto, CA 94303

$425,000

Contractor or Handyman Special!
THE PERFECT HOME FOR AN INVESTOR OR CONTRACTOR! LOCATED NEAR ALL AMENITIES WITH A HUGE YARD PERFECT FOR THE KIDS OR GARDENING. AN EXTRA STORAGE SHED AND A CONVERTED GARAGE THAT COULD BE A FAMILY ROOM OR AN ADDITIONAL BEDROOM. HURRY, THIS HOME WON’T LAST LONG!

This Single Family Residence has the following features:
MLS#: 742945 Approx Age: 55 Years Approx Sq Ft: 820
Detached Single Family 1 Story 3 Bedrooms
1 Bathroom 1 Shower over Tub Eat in Kitchen

If you wait another day to buy this house, it might just collapse! I kid I kid. But I love the “this home won’t last long” ads.

I really do love this ad for a $531.25 per square foot house. The convertible garage. The “perfect for an investor or contractor” bit.

Here’s an idea, take all the money you were going to invest in SUNW JAVA and invest it here instead. You owe me if it works!