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ActiveCondo

$898,000

2140 Santa Cruz Ave Apt B106, Menlo Park 94025

Beds2
Baths2
Sqft960
DOM12
No Photos Available

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

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Menlo Park)

2026-08-22875 HAMILTON AVE, MENLO PARK CA 94025
Building Pre-Application
--Received
2026-08-22766 NASH AVE, MENLO PARK CA 94025
Building Pre-Application
--Received
2026-08-21158 LAUREL AVE, MENLO PARK CA 94025
Residential Reroof
--Received
2026-08-21785 PARTRIDGE AVE, MENLO PARK CA 94025
Building Pre-Application
--Received
2026-08-2115 MAYWOOD LN, MENLO PARK CA 94025
Revision
--Received
2026-08-2112 MAYWOOD LN, MENLO PARK CA 94025
Revision
--Received

Parcel & Zoning Info

APN111050370
Official Lot Sqft1,005
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Condo Investment Snapshot

Value Score67/100
Price / Sqft$935 vs $1,024 mkt
Price vs Market-8.6% Below market
Est. Rent$3,118/mo

Price positioning vs. 56 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.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities.

Nearby Public Schools

Elementary School

Oak Knoll Elementary

Menlo Park City Elementary

0.3 miles away
Middle School

La Entrada Middle

Las Lomitas Elementary

0.4 miles away
High School

Palo Alto High

Palo Alto Unified

2.2 miles away

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): $1,079/sqft. 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.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$770,000
New Build1,400 sqft
Total Capital Required$1,843,000
Estimated Resale (ARV)$1,510,600
Cost of Sale (5%)-$75,530
Net Proceeds$1,435,070

Projected Profit

-$407,930
-22.1% ROI

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.

1326 Hoover St Apt 5

Sold
$2,150,000
Sold: 2026-08-18
Lot: 1,882
Sqft: 1745
$/Sqft: $1,232

1155 Merrill St Apt 104

Sold
$1,530,000
Sold: 2026-07-13
Lot: 1,189
Sqft: 1189
$/Sqft: $1,287

1100 Sharon Park Dr Apt 3

Sold
$1,195,000
Sold: 2026-07-02
Lot: -
Sqft: 1470
$/Sqft: $813

948 Altschul Ave

Sold
$2,000,000
Sold: 2026-06-16
Lot: -
Sqft: 1399
$/Sqft: $1,430

1155 Merrill St Apt 101

Sold
$1,715,000
Sold: 2026-06-05
Lot: 56,976
Sqft: 1450
$/Sqft: $1,183

150 Alma St Apt 107

Sold
$1,279,000
Sold: 2026-05-29
Lot: 35,303
Sqft: 1275
$/Sqft: $1,003

2140 Santa Cruz Ave Apt C209

Sold
$965,000
Sold: 2026-05-11
Lot: -
Sqft: 1203
$/Sqft: $802

1323 Hoover St

Sold
$1,850,000
Sold: 2026-05-06
Lot: 1,518
Sqft: 1546
$/Sqft: $1,197

2160 Santa Cruz Ave Apt 22

Sold
$1,110,000
Sold: 2026-05-01
Lot: -
Sqft: 1177
$/Sqft: $943

1326 Hoover St Apt 2

Sold
$1,600,000
Sold: 2026-04-24
Lot: 18,466
Sqft: 1385
$/Sqft: $1,155

675 Sharon Park Dr Apt 144

Sold
$988,000
Sold: 2026-04-23
Lot: 1,380
Sqft: 1098
$/Sqft: $900

675 Sharon Park Dr Apt 245

Sold
$899,000
Sold: 2026-04-10
Lot: 232,738
Sqft: 1098
$/Sqft: $819