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315 Grand Boulevard

San Mateo, CA 94401
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$1,950,000 $8,221/Mo
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Bed 2

Bed

Bath 0

Bath

SqFt2,410

Sqft

SqFt7,591

Sqft(Lot)

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 in come an.d 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,950,000

AD Id : 65946785

MLS Id : ML82014445

Beds : 2

Lot Size : 7,591 Sqft

Living Area Size : 2,410

Year Built : 1927

Garage : 2

County : San Mateo

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Feature Features

  • Interior Features

    Roof: Composition, Shingle
    Appliances: Dishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan

  • Heating & Cooling

    Has Heating: Yes Has Cooling: Yes

  • Building Information

    Year Built: 1927
    Building Area Total: 2410
    Private Pool: No

  • Lot Information

    Main Square Feet: 7591 Lot Size Acres: 0.1743 Lot Size Source: Assessor Lot Size Square Feet: 7,591

  • Listing Price Information

    Listing Price: $1950000

  • Tax Information

    Parcel Number: 032161110 Annual Tax: $22504

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 5 Off Street, Uncovered

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Other Junior High School: Other Senior High School: San Mateo

  • Location Information

    Direction: Cross Street: N San Mateo Dr WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/23/2026 @ 02:30

MLS: ML82014445 LISTED BY: Ismael Benhamida, Compass 415-345-3000 SOURCE: CRMLS

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