SUMMARY

Analysis of 365 Main Street, Los Alamos, CA 93440 is currently available with a list price of $635,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Alamos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor

TeardownExcellent

Property is extensive renovation needed.

The property is in original 1958 condition and requires a total rehabilitation. Interior images show missing flooring, an obsolete kitchen with dated cabinetry and wallpaper, and a basic wall heating unit. The listing explicitly describes it as a redevelopment opportunity, and the secondary structure (barn) appears dilapidated.

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 = 10890, living area = 901.
Prime Walkable Location
Situated in the heart of Los Alamos, the property is just a short stroll from renowned destinations like Bell's and Pico, offering immediate access to a vibrant food and wine scene.
Dual Street Access
The lot runs street-to-street from Main Street to Waite Street, providing exceptional accessibility and flexible design options for future development.

CONSRISKS & DEFICIENCIES

MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 10018.
Extensive Renovation Required
The existing structures are in need of a full re-envisioning, implying significant upfront capital and time investment for remodeling or reconstruction.
Limited Living Area
At only 901 square feet, the current 2-bedroom cottage is undersized for modern residential expectations without a substantial footprint expansion.

About 365 Main Street

Welcome to 365 Main Street, a rare redevelopment opportunity in the heart of Los Alamos! This 1958 cottage offers 901 square feet of living space, provided by seller, on approximately .25 acres--just a short stroll from Bell's, the Union Hotel, Pico, and the town's vibrant food and wine scene. The existing home and barn are ready for a full re-envisioning, making this an ideal canvas for buyers looking to create something special in one of the Central Coast's most up-and-coming communities. The property runs from street to street, Main Street to Waite Street, providing access from both ends of the parcel. Remodel the existing 2-bedroom, 1-bath cottage and enjoy the spacious yard, ready for your landscaping ideas, or explore the potential for the Land Use Permit in process for future development opportunities. Whether you're an investor, builder, or someone with a vision for a custom retreat in wine country, this property offers a compelling opportunity to carve out your own space in Los Alamos.

Property Details

Public Facts

Property Type: Single Family Residence
Year Built: 1958
Lot Size: 10,890 Sq. Ft.

Interior

Total Bedrooms: 2
Total Bathrooms: 1 (1 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	2.0	3.0	11%
Baths	1.0	2.0	11%
Square foot	901	1,731	11%
Lot Size	10,890	10,019	56%
Price	$635.0K	$792.0K	22%
Price per sq ft	$705	$420	89%
Built year	1958	1997	11%
HOA	$0	$50	44%
Days on market	90	211	22%

Pricing History

Listed for Sale

Feb 14, 2026

$635,000

$695,000

-9% Price Drop

Initial Listing

Price Change

Dec 7, 2025