$898,000
2140 Santa Cruz Ave Apt B106, Menlo Park 94025
AddressIntel AI Briefing
This is a strong value-add investment opportunity, as the property sits nearly 9% below market comps on a price-per-square-foot basis. Located in a high-demand Menlo Park neighborhood, it presents a compelling rental yield play with an estimated rent of over $3,100 per month. The lack of inventory in the complex makes it an ideal buy-and-hold asset.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2026-10-07 | Building Permit | In Review | -- | HONEY BADGER BROTHERS CONSTRUCTION |
| 2026-10-05 | Building Pre-Application | Received | -- | HONEY BADGER BROTHERS CONSTRUCTION |
| 2026-08-10 | Building Permit | Issued | $8,000 | FIDELIS CONSTRUCTION |
| 2026-06-08 | Residential HVAC | Finaled | -- | AIR CARE HEATING & COOLING INC |
| 2026-06-05 | Building Permit | Pending Resubmittal | -- | Unknown |
| 2026-06-03 | Building Permit | Finaled | $15,000 | PLATINUM PREMIER CONSTRUCTION INC |
| 2026-05-26 | Building Pre-Application | Converted | -- | Unknown |
| 2026-05-12 | Building Pre-Application | Converted | -- | PLATINUM PREMIER CONSTRUCTION INC |
| 2026-05-11 | Building Pre-Application | Converted | -- | FIDELIS CONSTRUCTION |
| 2026-02-25 | Revision | Issued | -- | Unknown |
| 2025-12-15 | Building Permit | Finaled | $95,222 | UNIVERSAL DEVELOPING INC |
| 2025-11-12 | Building Pre-Application | Converted | -- | UNIVERSAL DEVELOPING INC |
| 2025-10-27 | Building Permit | Issued | $6,000 | JM PROPERTY SERVICE LLC |
| 2025-10-16 | Building Pre-Application | Converted | -- | JM PROPERTY SERVICE LLC |
| 2025-10-10 | Building Permit | Finaled | $30,000 | PLATINUM PREMIER CONSTRUCTION INC |
| 2025-10-03 | Building Pre-Application | Converted | -- | PLATINUM PREMIER CONSTRUCTION INC |
| 2025-09-17 | Residential Water Heater | Finaled | -- | MASTER PLUMBING AND SEWER INC |
| 2025-09-15 | Building Permit | Finaled | $6,000 | JM PROPERTY SERVICE LLC |
| 2025-09-15 | Building Permit | Finaled | $6,000 | JM PROPERTY SERVICE LLC |
| 2025-09-05 | Building Pre-Application | Converted | -- | JM PROPERTY SERVICE LLC |
| 2025-09-03 | Building Pre-Application | Converted | -- | JM PROPERTY SERVICE LLC |
| 2025-08-29 | Building Permit | Finaled | $53,822 | B G WEEKLEY BUILDER |
| 2025-08-28 | Building Permit | Finaled | -- | Unknown |
| 2025-08-10 | Building Pre-Application | Converted | -- | Unknown |
| 2025-07-30 | Building Pre-Application | Converted | -- | Unknown |
| 2025-06-09 | Building Pre-Application | Withdrawn | -- | DREAM BUILD SERVICES LLC |
| 2025-05-21 | Residential HVAC | Finaled | -- | FREON INC |
| 2025-03-25 | Building Pre-Application | Expired | -- | ALECO ELECTRIC INC |
| 2025-03-20 | Building Permit | Finaled | $10,000 | HOLSTER ENTERPRISES |
| 2025-03-10 | Revision | Issued | -- | Unknown |
| 2025-01-29 | Building Permit | Expired | $9,994 | RESIDENTIAL HEATING AND AIR CONDITIONING INC |
| 2025-01-08 | Building Pre-Application | Converted | -- | RESIDENTIAL HEATING AND AIR CONDITIONING INC |
| 2025-01-06 | Building Pre-Application | Converted | -- | HOLSTER ENTERPRISES |
| 2024-12-16 | Revision | Issued | -- | Unknown |
| 2024-11-21 | Building Permit | Finaled | $10,000 | A S L REMODELING INC |
| 2024-11-04 | Building Pre-Application | Converted | -- | A S L REMODELING INC |
| 2024-09-27 | Building Permit | Finaled | $75,000 | PLATINUM PREMIER CONSTRUCTION INC |
| 2024-09-16 | Building Pre-Application | Converted | -- | PLATINUM PREMIER CONSTRUCTION INC |
| 2024-07-19 | Building Permit | Finaled | $50,000 | PLATINUM PREMIER CONSTRUCTION INC |
| 2024-07-14 | Building Pre-Application | Converted | -- | PLATINUM PREMIER CONSTRUCTION INC |
| 2024-06-21 | Building Permit | Finaled | $5,000 | NORCAL REMODELING GROUP LLC |
| 2024-06-10 | Building Pre-Application | Converted | -- | NORCAL REMODELING GROUP LLC DBA BATH PLANET NORCAL |
| 2024-06-04 | Residential Water Heater | Finaled | -- | MASTER PLUMBING AND SEWER INC |
| 2024-06-03 | Residential HVAC | Finaled | -- | Unknown |
| 2024-05-30 | Residential HVAC | Expired | -- | INNOVATION HEATING & AIR INC |
| 2024-05-24 | Building Permit | Finaled | $15,000 | CLAROS CONSTRUCTION |
| 2024-05-22 | Building Pre-Application | Converted | -- | CLAROS CONSTRUCTION |
| 2024-03-26 | Building Permit | Finaled | $15,000 | ROYALTY BUILDERS INC |
| 2024-03-05 | Building Pre-Application | Converted | -- | ROYALTY BUILDERS INC |
| 2024-02-13 | Building Permit | Finaled | $20,000 | CREATIVE ROOTS BUILDER |
Recent Neighborhood Remodeling (Menlo Park)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 115 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.
Seller Motivation
Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).
Nearby Public Schools
Oak Knoll Elementary
Menlo Park City Elementary
La Entrada Middle
Las Lomitas Elementary
Palo Alto High
Palo Alto Unified
School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.
Proprietary Intelligence
Market Heat Index
94/100
Based on recent sales velocity and local demand in 94025.
Flippability Score
55/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
35%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Median of 12 recent condo sales in Menlo Park (94025): $1,050/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 1,400 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Menlo Park 94025)
Sized to the modelled 1,400 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.