2139 Alameda De Las Pulgas, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 2 bath
2139 Alameda De Las Pulgas
Redwood City, California 94061
Property Price
SUMMARY
Analysis of 2139 Alameda De Las Pulgas, Redwood City, California 94061 is currently available with a list price of $6,000,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redwood City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a 1953-built home that appears well-maintained but remains largely in its original or aged state. The kitchen features dated tile countertops, older cabinetry, and mid-range appliances that lack modern appeal. While the hardwood floors and interior appear clean and functional, the home lacks the contemporary updates expected for its price point, with the listing itself emphasizing the land's development potential over the structure's value.
PROSSTRENGTHS & OPPORTUNITIES
- 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 offering includes two separate parcels totaling over 28,000 square feet, providing a rare and expansive canvas for a high-end residential development or a custom luxury estate.
- Prime Neighborhood Value
Located in a prestigious Redwood City pocket surrounded by multi-million dollar homes, ensuring strong appreciation potential and high resale value for new construction.
CONSRISKS & DEFICIENCIES
- Extended Market Duration
With 172 days on the market and a $500,000 price reduction, the property has faced challenges in finding the right buyer at its current valuation.
- Structure-to-Price Disparity
The modest 1,650 square foot 1953 home is significantly undersized relative to the $6 million asking price, making this primarily a land-value acquisition with high entry costs.
About 2139 Alameda De Las Pulgas
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 28,080 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,650 | 1,820 | 37% |
| Lot Size | 28,080 | 6,222 | 98% |
| Price | $6.00M | $2.17M | 98% |
| Price per sq ft | $3.6K | $1.2K | 98% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 141 | 66% |
Pricing History
Listed for Sale
Oct 21, 2025
$6,000,000
$6,500,000
-8% Price Drop
Initial Listing
Price Change
Oct 3, 2025
$6,500,000
Initial Listing