Active

987 Laurel Street

San Carlos, CA 94070

$1,650,000 $6,956/Mo

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Overview

Bed

Bath

1,185

Sqft

3,000

Sqft(Lot)

Description

This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.

Property Details

Property Type : Residential Income

Price : $1,650,000

AD Id : 68758458

MLS Id : ML82027747

Lot Size : 3,000 Sqft

Living Area Size : 1,185

Year Built : 1946

County : San Mateo

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Tar/Gravel Flooring: Laminate
Cooling Features

Central Air Air Conditioning

Heating Source

Has Heating

Building Information

Year Built: 1946 Building Area Total: 1,185 Roof: Tar/Gravel
Foundation

Slab

Security Features

Window Bars

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0689
Lot Size Source: Assessor Lot Size Square Feet: 3000

Listing Price Information

Original List Price: 1,650,000 Listing Contract Date: 2025-11-16
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 051358020 Annual Tax: 20696

Garage and Parking

Garage Description: Uncovered

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Cross Street: Morse Blvd Zoning: MU-N-50: retail, office, Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Duplex
Building and Construction

Property Age: 80 Structure Type: Duplex Year Built Source: Assessor Total Square Feet Living: 1185

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ByOwner last updated this listing 06/15/2026 @ 17:28

MLS: ML82027747 LISTED BY: Alexander Kent, Compass 415-660-9955 SOURCE: CRMLS