375 Alameda De Las Pulgas, Redwood City, California 94062, Redwood City, 94062 - 5 bed, 3 bath
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375 Alameda De Las Pulgas
Redwood City, California 94062
ACTIVE
CONDITION: POOR
5Beds
3Baths
1,998Sq Ft
14,572Lot Size
Property Price
LIST PRICE$2,199,000
EST. MARKET VALUE
$2,276,523
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,199,000—positioned well below the $2,276,524 Fair Market Value by 3%. This valuation gap offers $77,524 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant rehabilitation, yet the 14,572 sq. ft. lot provides exceptional potential for expansion or ADU development. Located near top-rated schools like Roy Cloud Elementary, this is a Value-Add Investor asset ideal for Contractors seeking a project with significant upside.
Estimated Market Value
$2,276,523+$77,523 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1987 (37 years old) with no evidence of recent major renovations. The kitchen and bathrooms appear dated with original-style cabinetry, and the listing description 'Bring your vision' explicitly signals a need for significant rehabilitation and updates.
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 = 14572, living area = 1998.
- Expansive Lot Size
The property features a rare 14,572 sq. ft. lot, providing exceptional space for outdoor entertaining, future expansion, or potential ADU development in a high-demand area.
- Versatile Living Space
With 5 bedrooms and 3 bathrooms across nearly 2,000 sq. ft., the home offers a flexible layout ideal for large families, multi-generational living, or dedicated home offices.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1998, other record living area = 1960. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Renovation Needs
The property is marketed as a 'vision' project, suggesting that the 1987 interior likely requires significant cosmetic or structural updates to meet modern luxury standards.
- Market Stagnation
A recent $200,000 price reduction and 39 days on market indicate that the property may have initial pricing challenges or deferred maintenance concerns that buyers are weighing.
About 375 Alameda De Las Pulgas
Rare Redwood City opportunity! This spacious 5-bedroom, 3-bathroom home offers 1,960 sq. ft. of living space on an impressive 14,572 sq. ft. lot. The generous lot provides room for outdoor living, entertaining, future expansion, and potential investment opportunities, subject to city requirements and approvals. Conveniently located near schools, shopping, restaurants, parks, major highways, and everyday amenities. Whether you're looking for a family home, a large lot in Redwood City, or a property with future potential, this home offers space, flexibility, and opportunity in a desirable Peninsula location. Bring your vision and make it your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 14,572 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
John Gill Elementary School
Grades K-5 • 0.5 mi
6/10
Hawes Elementary School
Grades K-5 • 1.0 mi
4/10
Roosevelt Elementary School
Grades K-8 • 0.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,998 | 1,645.2 |
| Lot Size | 14,572 | 6,674.304 |
| Price | $2.20M | $2.26M |
| Price per sq ft | $1.1K | $1.3K |
| Built year | 1987 | 1952 |
| HOA | $0 | $281 |
| Days on market | 43 | 35 |
Pricing History
Listed for Sale
Oct 17, 2026
$2,199,000
$2,399,000
-8% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$2,399,000
Initial Listing