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.
Details
MLS #
ML82014445
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1927
Days On Site
405
Listing Provided By
Compass | Ismael Benhamida
Features
SQ Feet
2,410
Garage
2
Story(s)
2
Building(s)
1
Zoning
R-3
Acreage
0.17
Interior
Heating Yes / No
Yes
Cooling Yes / No
Yes
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Exterior
Roof
Composition, Shingle
Foundation Details
Slab
Parking
Parking Features
Off Street, Uncovered
Garage Yes / No
Yes
Utilities
Sewer
Public Sewer
Taxes
Property
22504
Area Information
State
CA
County
San Mateo
City
San Mateo
Zip Code
94401
Area
699 Not Defined
Sourced by Back At You
MLS Number: ML82014445
Ismael Benhamida – ismael@benhamidagroup.com
Compass – (415) 345-3000
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