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Oct

Sun

Oct

Mon

Oct

Alex Ortega

alex@theortegateam.com +1(619) 454-3903

$ 1,888,000

Est. payment | -/mo

2,410 SqFt

Save Virtual Tour

$ 1,888,000

Est. payment | -/mo

Save Virtual Tour

2,410 SqFt

Open House

Sat Oct 11, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $783

MLS Listing ID ML82015184

HOA Y/N No

Year Built 1927

Annual Tax Amount $22,504

Lot Size 7,592 Sqft

Property Sub-Type Quadruplex

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 available. The adjacent triplexes at 321 Grand Blvd and 327 Grand Blvd are also available for sale.

Location

State CA

County San Mateo

Area 699 - Not Defined

Interior

Heating Forced Air

Flooring Carpet, Tile

Fireplace No

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

Exterior

Parking Features Off Street

Garage Spaces 2.0

Carport Spaces 7

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

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

Listed by Ismael Benhamida Compass

+1(619) 454-3903

alex@theortegateam.com

900 Lane Ave, Chula Vista, CA, 91914-3503, USA

315 Grand BLVD San Mateo, CA 94401

Alex Ortega

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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315 Grand BLVD