315 Grand Boulevard, San Mateo, CA 94401
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
315 Grand Boulevard,San Mateo, CA 94401
$1,950,000
- 2 Beds
- - Baths
- 2,410 sq. ft.
- Single family
- Active
Listed by: ismael benhamida, hanna john azar
Office: compass
MLS#:ML82014446
Source:CRMLS
Price summary
- Price:$1,950,000
- Price per sq. ft.:$809.13
About this home
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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Home facts
- Year built:1927
- Listing ID #:ML82014446
- Added:258 day(s) ago
- Updated:March 28, 2026 at 01:23 PM
Rooms and interior
- Bedrooms:2
- Full bathrooms:4
- Flooring:Carpet, Tile
- Kitchen Description:Dishwasher, Electric Cooktop, Electric Oven, Freezer, Microwave, Refrigerator, Vented Exhaust Fan, Washer
- Living area:2,410 sq. ft.
Structure and exterior
- Roof:Composition, Shingle
- Year built:1927
- Building area:2,410 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Tudor
- Foundation Description:Slab
Schools
- High school:San Mateo
- Middle school:Other
- Elementary school:Other
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,950,000
- Price per sq. ft.:$809.13
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Freezer, Microwave, Refrigerator, Vented Exhaust Fan, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:5
- Parking description:Off Street, Uncovered
- Garage:Yes
- Garage spaces:2
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