Active

315 Grand Boulevard

San Mateo, CA 94401

$1,950,000 $8,221/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2,410

Sqft

7,591

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential Income

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

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition,Shingle Property Appliances: Dishwasher,Electric Cooktop,Electric Oven,Freezer,Disposal,Microwave,Refrigerator,Vented Exhaust Fan Flooring: Carpet,Tile
Cooling Features

Air Conditioning

Heating Source

Has Heating

Building Information

Year Built: 1927 Building Area Total: 2,410 Roof: Composition,Shingle
Foundation

Slab
Accessibility Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1743
Lot Size Source: Assessor Lot Size Square Feet: 7591

Listing Price Information

Original List Price: 1,950,000 Listing Contract Date: 2025-07-12
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 032161110 Annual Tax: 22504

Garage and Parking

Garage Description: Off Street,Uncovered

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Cross Street: N San Mateo Dr Zoning: R-3 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex
Building and Construction

Property Age: 99 Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 2410

Sell a home like this and save $116,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
117 N Delaware Street, San Mateo, CA, 94401	$1,880,000	6	--	4,165	4,165 SqFt
422426 Peninsula Avenue, San Mateo, CA, 94401	$1,999,999	8	--	3,456	3,456 SqFt
869 Woodside Way, San Mateo, CA, 94401	$1,599,000	2	2	--

Similar Multifamily To 315 Grand Boulevard

Nearby For Sale

Active

$1,950,000

Multifamily For Sale

315 Grand Boulevard,
San Mateo, CA, 94401

Bed

Sqft

Sqft(Lot)

422426 Peninsula Avenue,
San Mateo, CA, 94401

Bed

Sqft

Sqft(Lot)

869 Woodside Way,
San Mateo, CA, 94401

Bed

Bath

2,219

Sqft(Lot)

$1,880,000

Multifamily For Sale

117 N Delaware Street,
San Mateo, CA, 94401

Bed

Sqft

Sqft(Lot)

409 S Idaho Street,
San Mateo, CA, 94402

Bed

1,860

Sqft

6,750

Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/06/2026 @ 06:20

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