Tudor

315 Grand Boulevard

San Mateo , CA 94401

MLS#: ML82014446

$1,950,000

Status: Active
Listing number: ML82014446
Listing provided by: Compass
Listing agent phone: None
Last update: 3 days ago
On site: 12 days ago
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Property

Beds

2

Full Baths

4

1/2 Baths

None

Year Built

1927

Sq.Footage

2,410

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.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Heating YN

    YES

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1743

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Tudor

Price

  • Sales Price

    $1,950,000

  • Sq. Footage

    2, 410

  • Price/SqFt

    $809

HOA

  • Association

    NO

School District

  • Elementary School

    Other

  • Middle School

    Other

  • High School

    San Mateo

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

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Location

County

San Mateo

Elementary School

Other

Middle School

Other

High School

San Mateo

Listing Courtesy of Ismael Benhamida , Compass

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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.

315 Grand Boulevard

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