108 Bonita Avenue, Redwood City, California 94061, Redwood City, 94061 - 2 bed, 1 bath
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108 Bonita Avenue
Redwood City, California 94061
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
990Sq Ft
5,480Lot Size
Property Price
LIST PRICE$1,300,000
EST. MARKET VALUE
$1,376,589
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,300,000—positioned well below the $1,376,589 Fair Market Value by 5%. This valuation gap offers $76,589 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the home requires modernization, yet the 5,480 sqft lot provides significant expansion potential. With a deck and proximity to schools like Menlo-Atherton High, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$1,376,589+$76,589 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 108 Bonita Avenue Subject 2 bd · 1 ba · 990 sqft · $1,390 | $1,300,000* List Price | 2 | 1 | 990 | $1,390 | - |
A 310 Oak Avenue Sold 2 bd · 1 ba · 870 sqft · $1,494 · 0.6 mi | $1,300,000 | 2 | 1 | 870 | $1,494 | 0.6 mi |
B 936 Iris Street Sold 2 bd · 1 ba · 1,120 sqft · $1,339 · 0.8 mi | $1,500,000 | 2 | 1 | 1,120 | $1,339 | 0.8 mi |
C 1621 Silver Avenue Sold 2 bd · 1 ba · 850 sqft · $1,647 · 0.7 mi | $1,400,000 | 2 | 1 | 850 | $1,647 | 0.7 mi |
D 798 Hudson Street Sold 2 bd · 2 ba · 1,268 sqft · $1,181 · 1.0 mi | $1,498,000 | 2 | 2 | 1,268 | $1,181 | 1.0 mi |
E 318 Oak Avenue Active 2 bd · 1 ba · 850 sqft · $1,645 · 0.6 mi | $1,398,000 List Price | 2 | 1 | 850 | $1,645 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1925, the property features a kitchen renovation that appears to be 20+ years old (dated oak cabinetry and tile countertops). While the interior is clean with some newer laminate flooring, the listing description explicitly targets investors and builders for a 'value-add project' and 'reimagining,' indicating that major systems and finishes are dated and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Investment Upside
Marketed as a prime value-add project or builder opportunity, this property offers immense potential to build equity through renovation or complete redevelopment in a high-demand Peninsula market.
- Strategic Peninsula Location
Situated in a thriving Redwood City neighborhood, the home provides excellent proximity to major Silicon Valley commute corridors, diverse dining, and essential local amenities.
- Expansion Potential
The generous 5,480 sqft lot size relative to the modest 990 sqft existing structure provides ample footprint for a significant addition or a custom new build.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Built in 1925 and positioned as a 'reimagine' project, the property likely requires substantial capital investment to modernize its systems and structural integrity.
- Limited Existing Living Space
The current 2-bedroom, 1-bathroom configuration and small square footage may be restrictive for buyers seeking immediate move-in functionality without further construction.
About 108 Bonita Avenue
Welcome to 108 Bonita Avenue in Redwood City, a property full of potential and ready for its next chapter. Whether you're a first-time homebuyer looking to put down roots, an investor seeking your next value-add project, or a builder searching for opportunity, this home offers endless possibilities. With room to update, renovate, or reimagine, this property provides a rare chance to create a space tailored to your vision while investing in one of the Peninsula's most desirable communities. Conveniently located with easy access to major commute routes, shopping, dining, and local amenities, you'll enjoy both comfort and convenience. Don't miss this exceptional opportunity to own a property with tremendous upside in a thriving Redwood City location. Whether your goal is to build equity, expand your investment portfolio, or create your dream home, the possibilities are endless.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,480 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Henry Ford Elementary School
Grades K-5 • 1.0 mi
5/10
Selby Lane Elementary School
Grades K-8 • 0.6 mi
5/10
John F. Kennedy Middle School
Grades 5-8 • 1.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.5 |
| Square foot | 990 | 1,645.2 |
| Lot Size | 5,480 | 6,674.304 |
| Price | $1.30M | $2.26M |
| Price per sq ft | $1.3K | $1.3K |
| Built year | 1925 | 1952 |
| HOA | $0 | $281 |
| Days on market | 16 | 35 |
Pricing History
Listed for Sale
Oct 8, 2026
$1,300,000
Initial Listing
Sold
Jan 5, 1988
$115,000
Public Record