
San Mateo, California 94403
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $2,198,000—positioned slightly above the $2,132,056 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and 2,785 sqft footprint offer a rare canvas for value-add renovations. The flexible layout, including a finished attic and ADU potential, provides significant utility. Located in the desirable Beresford Park neighborhood near Hillsdale High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2425 Alameda De Las Pulgas Subject 5 bd · 2 ba · 2,785 sqft · $766 | $2,198,000* List Price | 5 | 2 | 2,785 | $766 | - |
A 3010 Alameda De Las Pulgas Sold 4 bd · 2 ba · 2,020 sqft · $943 · 0.5 mi | $1,905,000 | 4 | 2 | 2,020 | $943 | 0.5 mi |
B 303 30th Avenue Sold 3 bd · 3 ba · 2,140 sqft · $1,005 · 0.6 mi | $2,150,000 | 3 | 3 | 2,140 | $1,005 | 0.6 mi |
C 3034 Beverly Sold 3 bd · 3 ba · 2,401 sqft · $789 · 0.6 mi | $1,895,000 | 3 | 3 | 2,401 | $789 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947 and lovingly maintained by the same family since the 1960s, the home is functional and move-in ready but distinctly dated. The kitchen features older oak cabinetry and appliances from a previous renovation (>15-20 years ago), and the listing notes it is ready for a new owner to bring their own vision, indicating a need for cosmetic updates throughout.
The 5-bedroom configuration includes a finished attic and an upstairs level with potential for an ADU, providing excellent versatility for multi-generational living or rental income.
Located in the desirable Beresford Park area, the home offers convenient access to top-tier amenities, parks, and major commute routes throughout the Peninsula and Silicon Valley.
Boasting 2,785 square feet, this residence offers significantly more interior space than the average home in the area, providing a rare canvas for a large-scale custom renovation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4600, other record lot size in square feet = 5391. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2785, other record living area = 2190. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Held by the same family for decades, the home likely requires a substantial capital investment to modernize the 1940s-era systems and finishes to meet contemporary standards.
The 4,600 sqft lot is relatively small for a home of nearly 2,800 sqft, resulting in a high building-to-land ratio that may limit outdoor utility or future expansion.
Space, character, and endless potential come together at 2425 Alameda de las Pulgas! Lovingly cared for by the same family since the 1960s, this 5Bed/2Bath, 2,785 sqft residence is ready for a new owner to bring their own vision to life. The main level features a spacious living room with fireplace, dining room, kitchen, 2BRS/1BA. Upstairs, 3BRS/1BA & a finished attic/playroom. Upstairs has potential for an ADU or separate living space. (Buyer to investigate feasibility.) Beautifully landscaped front and back yards create a peaceful, garden-like setting filled with mature plantings and multiple areas to relax, play, or entertain. A charming waterfall feature adds to the tranquility of the backyard, while a two-car garage provides additional parking and storage. This property presents a rare opportunity in San Mateo's sought-after Beresford Park neighborhood. Conveniently located near all that San Mateo has to offer, including shopping, dining, parks, recreation, schools, and everyday amenities, with easy access to Caltrain,Major freeways for commuting throughout the Peninsula, Silicon Valley, and San Francisco.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,785 | 1,743.298 |
| Lot Size | 4,600 | 6,079.649 |
| Price | $2.20M | $2.26M |
| Price per sq ft | $789 | $1.4K |
| Built year | 1947 | 1952 |
| HOA | $0 | $387 |
| Days on market | 36 | 33 |
Sep 18, 2026
$2,198,000
Initial Listing