315 Grand Boulevard, San Mateo, CA 94401

Local realty services provided by:ERA North Orange County Real Estate
315 Grand Boulevard,San Mateo, CA 94401
$1,950,000
  • 2 Beds
  • 4 Baths
  • 2,410 sq. ft.
  • Single family
  • Active
Listed by:ismael benhamida
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,

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Home facts

  • Year built:1927
  • Listing ID #:ML82014446
  • Added:82 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:4
  • Full bathrooms:4
  • 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

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
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