315-327 Grand BLVD Active Save Request In-Person Tour Request Virtual Tour
San Mateo,CA 94401
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,369 sqft
Price per Sqft $758
MLS Listing ID ML82024413
Style Tudor
Bedrooms 3
Full Baths 3
Year Built 1902
Lot Size 0.525 Acres
Property Sub-Type Five or More Units
Property Description
*Call for offers 10/16 at 11:00am.* 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 Eastern Addition/Downtown Area
Zoning R3
Interior
Heating Forced Air,Gas,Wall Furnace
Cooling Ceiling Fan
Laundry Washer/Dryer - Some Units
Exterior
Exterior Feature Back Yard,Fenced,Low Maintenance
Parking Features Attached Garage,Carport ,Detached Garage,Off-Street Parking,Uncovered Parking
Garage Spaces 4.0
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition,Shingle
Building
Lot Description Grade - Mostly Level
Foundation Brick ,Concrete Perimeter,Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID Multiple
Security Features None
Special Listing Condition Not Applicable