3131 Alameda De Las Pulgas, Menlo Park, California 94025, Menlo Park, 94025 - 3 bed, 2 bath
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Menlo Park, California 94025
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000—positioned well below the $2,626,432 Fair Market Value by 4%. This valuation gap offers $126,432 in Instant Equity. Currently configured as a school with a Condition Rating of 4, the property requires significant interior restoration to return to a residential layout. Located in the premier Las Lomitas School District, this is an ideal project for Value-Add Investors or Owner-Occupants seeking to build a custom luxury residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 Alameda De Las Pulgas Subject | $2,500,000* List Price | 3 | 2 | 1,645 | $1,597 | - |
A 915 Cloud Avenue Sold | $2,750,000 | 4 | 3 | 1,690 | $1,627 | 0.6 mi |
B 3723 Alameda De Las Pulgas Active | $2,988,000 List Price | 3 | 3 | 2,190 | $1,364 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 and, while it features a modern interior renovation (shaker cabinets, recessed lighting, and updated flooring) for its current use as a school, it is not move-in ready as a residence. It requires layout modifications and updates to restore the kitchen and bathrooms to residential standards.
Elementary School: Las Lomitas Elementary School (10/10).
The property is situated within the highly-coveted Las Lomitas School District, featuring top-rated institutions like Las Lomitas Elementary (10/10), which is a primary driver for property value and demand.
Located in the heart of Central Menlo Park, this address offers exceptional proximity to upscale shopping, dining, and major Silicon Valley commute routes, ensuring long-term desirability.
The previous conversion into a school means the interior likely lacks essential residential infrastructure, such as a standard kitchen and traditional bedroom layouts, requiring significant capital to restore.
Given the 1973 build date and its specialized current use, the property will likely require a full-scale overhaul to meet modern luxury standards, adding considerable time and cost to the project.
Rare opportunity in the heart of Central Menlo Park! Formerly a 3-bedroom, 2-bath home, this unique property was converted into a school and offers endless potential to restore it as a residence, renovate, or build new. The private, landscaped backyard provides a peaceful retreat, while the attached two-car garage adds convenience. Located in the award-winning Las Lomitas School District and just minutes from shopping, dining, parks, and major commute routes, this is an exceptional opportunity to create your dream home.
No exterior & parking available.
Grades K-3 • 0.2 mi
Grades 4-8 • 0.7 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,645 | 1,576 |
| Lot Size | 6,184 | 6,125 |
| Price | $2.50M | $3.40M |
| Price per sq ft | $1.5K | $1.8K |
| Built year | 1973 | 1955 |
| HOA | $0 | $175 |
| Days on market | 7 | 31 |
Jul 15, 2026
$2,500,000
Initial Listing
Apr 30, 2013
$1,150,000
Public Record