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315 Grand Boulevard
Active
Single Family Residence
Single Family Residence
315 Grand Boulevard 
$1,950,000
Offered at
San Mateo, CA 94401
San Mateo County
2
Beds
4
Baths
2,410
Sq Ft
7,593
Lot Sq Ft
1927
Year Built
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…
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.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Features
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total interior livable area: 2,410 sqft
Property
Parking
- Total spaces: 5
- Parking features: Off Street, Uncovered
- Garage spaces: 2
Features
- Has view: No
Lot
- Size: 0.17 Acres
Details
- Parcel number: 032161110
- Zoning: R-3
Construction
Type & style
- Home type: Residential
- Architectural style: Tudor
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Condition
- Year built: 1927
Location
Mike Zwarg
Broker / Owner
951.528.0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Compass · Listing Agent: Ismael Benhamida · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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315 Grand Boulevard, San Mateo, CA 94401
951.528.0626
mike@mzhomes.us
mzhomes.us
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