321 Grand Boulevard, San Mateo, CA 94401

Local realty services provided by:ERA North Orange County Real Estate
321 Grand Boulevard,San Mateo, CA 94401
$1,450,000
  • - Beds
  • - Baths
  • 1,852 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Thu, Oct 02
    12:00 pm - 02:00 pm
  • Sun, Oct 05
    01:00 pm - 03:00 pm
Listed by:ismael benhamida
Office:compass
MLS#:ML82022562
Source:CRMLS

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$782.94

About this home

Rare single story triplex consisting of a stand alone cottage and a duplex building on a large 7,631 SqFt lot in one of the Bay Area's most coveted submarkets. Located in close proximity to Downtown Burlingame, Downtown San Mateo, SFO and other landmarks. An ADU consultancy's pre-feasibility study indicates that up to four Accessory Dwelling Units can be added which would drive substantial income and appreciation. Up to 75% LTV conventional financing. Opportunity for future owner-occupancy and a low cost alternative to a single family home. Two one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. All three units are large and have private yards and are occupied, providing steady rental income. Tremendous rental income upside upon unit turnover and renovation. There is a three vehicle car-port in the back of the property. Monthly rent: $7,300 (current), $10,000 (proforma). The strong rent growth, shortage of housing units, proximity to large Silicon Valley

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Home facts

  • Year built:1902
  • Listing ID #:ML82022562
  • Added:6 day(s) ago
  • Updated:September 30, 2025 at 08:35 PM

Rooms and interior

  • Living area:1,852 sq. ft.

Heating and cooling

  • Heating:Forced Air, Wall Furnance

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1902
  • Building area:1,852 sq. ft.
  • Lot area:0.18 Acres

Schools

  • High school:San Mateo
  • Middle school:Other
  • Elementary school:Other

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$782.94
  • Tax amount:$17,477
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