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315 Grand Boulevard, San Mateo, CA 94401

Sqft
2,410
Garage
Yes
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass
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Overview

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. The adjacent triplexes at 321 Grand Blvd and 327 Grand Blvd are also available for sale.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
2,410
Lot size (acres)
0.17
Year built
1927

Exterior features

Pool
Yes

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural gas, Forced air
Cooling
Ceiling fan(s)
Sewer
Public sewer
Water
Public

Estimated monthly costs

Insurance
$4,000

Taxes

Tax Annual Amount
$22,504

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MLSListings (California) MLS®#: ML82015184 Last checked:

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