2139 Alameda De Las Pulgas, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 2 bath
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Redwood City, California 94061
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.
Property is moderate renovation needed.
The property features a 1953-built home described as well-maintained, but it is primarily marketed for its development potential on a large lot. While the structure provides immediate utility or rental income, its age and the lack of interior photos suggest that the kitchen, bathrooms, and major systems are likely outdated and have not undergone a full modern renovation, placing it in the fair category for an aged but functional residence.
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.
The property consists of two separate parcels totaling over 28,000 square feet, offering a rare and significant opportunity for subdivision or the creation of a massive luxury estate.
Situated in a prestigious Redwood City neighborhood surrounded by multi-million dollar homes, ensuring strong long-term appreciation and high resale value for new construction.
With over 200 days on the market and a $500,000 price reduction, the property may face buyer scrutiny regarding its initial pricing strategy and market positioning.
The existing 1953 structure is modest relative to the $6M asking price, meaning the investment is almost entirely in the land, requiring substantial additional capital for redevelopment.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,650 | 1,707.5 | 47% |
| Lot Size | 28,080 | 6,226.5 | 99% |
| Price | $6.00M | $2.21M | 99% |
| Price per sq ft | $3.6K | $1.3K | 99% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 201 | 155 | 86% |
Oct 21, 2025
$6,000,000
$6,500,000
-8% Price Drop
Initial Listing
Oct 3, 2025
$6,500,000
Initial Listing