315 Grand BLVD Open House Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94401
OPEN HOUSE
Tue Jul 15, 12:00pm - 2:00pm
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
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
Exterior
Parking Features Off Street,Uncovered
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Composition,Shingle
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools San Mateo
School District Other
Others
Special Listing Condition Standard
Virtual Tour https://iframe.videodelivery.net/84439a54fdd037bfcc80fcd4cc839c26