CA
San Mateo
SAN MATEO
94401
315 Grand Boulevard
315 Grand Boulevard, SAN MATEO, CA 94401
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Listing Type
Multi Family
Listing Status
active
40
$1,888,000

Home Details for 315 Grand Boulevard

Price
$1,888,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
2410
Year built
1927
Lot size acres
0.1743
County
San Mateo
Garage
2
Days on site
104
MLS Listing#
ML82015184
Listed By: Compass - 415-345-3000
Listed By: Ismael Benhamida
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. The adjacent triplexes at 321 Grand Blvd and 327 Grand Blvd are also available for sale.

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Property Features
  • Heating Information
    • Natural Gas
    • Forced Air
  • Parking
    • Off Street
    • Attached
  • Cooling Information
    • Ceiling Fan(s)
  • Water Features
    • Public
  • Garage
    • 1
School Information
School Information for 315 Grand Boulevard, SAN MATEO, CA 94401
Elementary School
Park Elementary
Middle School
Borel Middle
High School
San Mateo High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-22 14:30:34
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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