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Dave Lucas

david.lucas@cbrealty.com +1(831) 884-3521

Listed by Ismael Benhamida • Compass

$ 1,950,000

Est. payment | -/mo

2 Beds

4 Baths

2,410 SqFt

Save Virtual Tour Video Tour

$ 1,950,000

Est. payment | -/mo

Save Virtual Tour Video Tour

2 Beds

4 Baths

2,410 SqFt

OPEN HOUSE

Tue Jul 15, 12:00pm - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $809

MLS Listing ID ML82014445

Style Tudor

Bedrooms 2

Full Baths 4

Year Built 1927

Lot Size 7,591 Sqft

Property Sub-Type Fourplex

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. Offering memorandum, disclosures, walkthrough video, and Matterport tours available.

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning R-3

Rooms

Kitchen Cooktop - Electric, Countertop - Stone, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Microwave, Oven - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas

Cooling Ceiling Fan

Flooring Carpet, Tile

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Detached Garage, Off-Street Parking, Uncovered Parking

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition,Shingle

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 032-161-110

Security Features None

Horse Property No

Special Listing Condition Not Applicable

Virtual Tour https://my.matterport.com/show/?m=6CupqhfrmNY&brand=0

GET MORE INFORMATION

Dave Lucas

REALTOR® | Lic# 02092197

david.lucas@cbrealty.com

+1(831) 884-3521

456 Washington St, Monterey, CA, 93940, USA

315 Grand BLVD San Mateo, CA 94401

Dave Lucas

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

315 Grand BLVD