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Search Cali Homes Team
315 Grand Boulevard, San Mateo, CA 94401
- $1,950,000
- 2,410
- SqFt
Listing courtesy of Listing Agent: Ismael Benhamida (ismael@benhamidagroup.com) from Listing Office: Compass.
- List Price
- $1,950,000
- Status
- ACTIVE
- Days on Market
- 487
- MLS#
- ML82014445
- Subtype
- Residential Income
- Style
- Tudor
- Year Built
- 1927
- Living Area
- 2,410
- Lot Size
- 7,591
- Acres
- 0.17
- MLS Area Major
- Not Defined (699)
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.
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Additional Information
- Taxes
- $22,504
- Property Description
- Tudor
- Zoning
- R-3
- Flooring
- Carpet, Tile
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
- Air Conditioning
- Yes
- Roof
- Composition, Shingle
- Parking Features
- Off Street, Uncovered
- Garage Spaces
- 2
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- San Mateo
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.