2139 Alameda De Las Pulgas, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$6,000,000
2139 Alameda De Las Pulgas, Redwood City, California 94061
3Beds
2Baths
1,650Sqft
28,080Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28080, living area = 1650.
Top Cons:
Age of Existing Structure: Built in 1953, the existing home is likely to require extensive renovation or demolition for a modern development, adding significant cost and complexity to the project.
Compared to the nearby listings
Price:$6.00M vs avg $2.03M (+$3,966,000)98%
Size:1,650 sqft vs avg 1,710 sqft48%
Price/sqft:$3.6K vs avg $1.2K98%
More Insights
This property has been on the market for 116 days.
Built in 1953 (72 years old).
Condition: The property, built in 1953, is explicitly marketed as an 'Outstanding development opportunity' across two parcels, with the property analysis noting the existing home is 'likely to require extensive renovation or demolition for a modern development.' While described as 'well maintained,' this likely refers to basic upkeep rather than modern updates. Without any interior photos, and given the age and the listing's focus on land value and redevelopment potential, the existing structure is considered a tear-down for its highest and best use, as its value is primarily in the land.
Year Built
1953
Close
-
List price
$6M
Original List price
$6.5M
Price/Sqft
$3,636
HOA
-
Days on market
116 Days
Sold On
2026-01-27
MLS number
ML82023715
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Outstanding development opportunity in Redwood City on over half an acre. Includes two parcels: 2139 Alameda De Las Pulgas (13,163) and the vacant lot next door 069-291-460 (14,917) for a combined total square footage of 28,080. Parcels to be sold together. Many multi-million dollar homes sold in the neighborhood. Well maintained existing home on property with pool.
Condition Rating
Tear down
The property, built in 1953, is explicitly marketed as an 'Outstanding development opportunity' across two parcels, with the property analysis noting the existing home is 'likely to require extensive renovation or demolition for a modern development.' While described as 'well maintained,' this likely refers to basic upkeep rather than modern updates. Without any interior photos, and given the age and the listing's focus on land value and redevelopment potential, the existing structure is considered a tear-down for its highest and best use, as its value is primarily in the land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28080, living area = 1650.
Exceptional Development Potential: The property is explicitly marketed as an 'Outstanding development opportunity' across two parcels, offering significant potential for new construction or a large estate.
Generous Land Size: Comprising two parcels totaling 28,080 sqft (over half an acre), this expansive lot provides ample space for a substantial development project or a private, luxurious compound.
Prime Location in High-Value Neighborhood: Situated in Redwood City, a highly desirable area with 'many multi-million dollar homes sold in the neighborhood,' indicating strong market demand and appreciation potential.
Existing Home with Amenities: The property includes a 'well maintained existing home on property with pool,' offering immediate usability, potential rental income, or a comfortable base during development planning.
Recent Price Adjustment: A recent price reduction from $6.5M to $6M indicates seller motivation and potentially a more attractive entry point for a high-value development investment.
Cons
Age of Existing Structure: Built in 1953, the existing home is likely to require extensive renovation or demolition for a modern development, adding significant cost and complexity to the project.
High Capital Investment Required: The $6,000,000 list price, combined with the substantial costs associated with a major development project, necessitates a very high initial capital outlay, limiting the buyer pool.
Development Project Complexity: While an opportunity, developing two parcels in a high-value area can involve lengthy permitting processes, potential zoning challenges, and high construction costs, increasing project risk and timeline.