32
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$4,895,000
Est. payment /mo
0.53 Acres Lot
New
315327 Grand BLVD San Mateo, CA 94401
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82024413
HOA Y/N No
Year Built 1902
Annual Tax Amount $73,478
Lot Size 0.525 Acres
Property Description
Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo. 315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184). Available separately or combined. Potential to construct up to 12 ADUs per an ADU consultancys pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased. 321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs. Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R3
Interior
Heating Forced Air, Wall Furnace
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition,Shingle
Total Parking Spaces 9
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools San Mateo
School District Other
Others
Tax ID Multiple
Special Listing Condition Standard
Listed by Ismael Benhamida Compass
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