315 Grand BLVD, San Mateo, CA 94401
315 Grand BLVD, San Mateo, CA 94401
315 Grand BLVD, San Mateo, CA 94401
315 Grand BLVD, San Mateo, CA 94401
315 Grand BLVD, San Mateo, CA 94401
315 Grand BLVD, San Mateo, CA 94401
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,950,000
Est. payment | /mo

2 Beds

4 Baths

2,410 SqFt

Save Virtual Tour
$ 1,950,000
Est. payment | /mo
Save Virtual Tour

2 Beds

4 Baths

2,410 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $809

MLS Listing ID ML82014446

Bedrooms 2

Full Baths 4

HOA Y/N No

Year Built 1927

Lot Size 7,592 Sqft

Property Sub-Type Single Family Residence

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 699 - Not Defined

Zoning R-3

Interior

Flooring Carpet, Tile

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Off Street, Uncovered

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 5

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Tudor

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools San Mateo

School District Other

Others

Tax ID 032161110

Special Listing Condition Standard

Virtual Tour https://youtu.be/RKlpCoAzMcI

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ismael Benhamida Compass #01722847

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.