1. California
2. San Mateo
3. 315 Grand Boulevard

315 Grand Boulevard, San Mateo, CA 94401

• 2 beds |
• 4 baths |
• 2,410 sqft

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.

Listing Status:

Active

Date Added:

July 12, 2025 at 05:00AM

Listing Office:

Compass : 415-345-3000

Listing Agent:

Ismael Benhamida : 408-373-6195

MLS ID:

ML82014446

Interior

• General: Dining AreaFamily Room
• Appliances: DishwasherElectric RangeMicrowave
• Laundry: DryerWasher
• Flooring: Tile
• A/C: Ceiling Fan(s)
• Heating: Forced Air
• Fireplace: Family RoomFireplaceFireplaces: 1

Exterior

Construction

Location

Lot

This listing courtesy of Ismael Benhamida, Compass