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Jenn Smart

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315 Grand Boulevard , San Mateo, CA 94401
$1,950,000
Est. Payment: $4,333.33/mo
2 Bed
2410 Sqft
0.17 Acres
Status: active | Days on site: 6
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ML5012166 - ML5086143,ML5091085
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House 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.

Highlights

Listed by Ismael Benhamida , 408-373-6195 and Hanna John Azar , 415-875-0177 Compass , (415) 345-3000. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1927

County

San Mateo

Area

699 - Not Defined

School District

Other

Listing ID

ML82014445

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
Appliances:Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Floor:Carpet,Tile
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:5
Zoning:R-3
Roof:Composition,Shingle
Sewer:Public Sewer
Parking Features:Off Street,Uncovered
Principal Interest
$4,333
Taxes
$1,875

Home Price

$1,950,000

Loan Details

30 yrs
0%

Down Payment

20%
$390,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,333.33 $1,875.33 $0.00 $6,208.67
Yearly $52,000.00 $22,504.00 $0.00 $74,504.00
Total $1,560,000.00 $675,120.00 $0.00 $2,235,120.00
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (San Mateo, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T17:38:50.000Z

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