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$ 1,950,000

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315 Grand BLVD San Mateo, CA 94401

2 Beds

4 Baths

2,410 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $809

MLS Listing ID ML82014446

Bedrooms 2

Full Baths 4

HOA Y/N No

Year Built 1927

Lot Size 7,592 Sqft

Property Sub-Type Single Family Residence

Property Description

Rare turnkey tutor style fourplex situated on a large 7,591 SqFt lot in one of the Bay Area's most coveted submarkets. Opportunity for owner-occupancy with up to 80% LTV conventional financing. Low cost alternative to a single family home. Three studio units and one 2-bed/1-bath unit. Two vacant fully remodeled units - a rear cottage studio and a 2-Bed/1-Bath flat - both with in-unit laundry. Substantial capital improvements completed including new electrical wiring and sub-panels, copper plumbing throughout, roof (2017), fencing, asphalt and concrete, and three units completely remodeled with high-end finishes. Two studios are rented, one of which is fully remodeled. An ADU consultancy's pre-feasibility study indicates that up to 5 ADU units can be added which would drive substantial income and appreciation. There are 2 private 1-car garages and 5 uncovered parking spaces. Monthly rent: $9,965 (scheduled), $10,885 (proforma). The strong rent growth, shortage of housing units, proximity to large Silicon Valley employers, and ADU potential make 315 Grand Boulevard an exceptional investment for both the cash flow and appreciation-minded investor. Offering memorandum, disclosures, walkthrough video, and Matterport tours available.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R-3

Interior

Flooring Carpet, Tile

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Off Street, Uncovered

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 5

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Tudor

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools San Mateo

School District Other

Others

Tax ID 032161110

Special Listing Condition Standard

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Listed by Ismael Benhamida Compass

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315 Grand BLVD San Mateo, CA 94401

Key Details

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315 Grand BLVD