CA > San Mateo
San Mateo, CA 94401,321 Grand BLVD
San Mateo, CA 94401,321 Grand BLVD
San Mateo, CA 94401,321 Grand BLVD
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Listed by Ismael Benhamida • Compass
$1,450,000
Est. payment /mo
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4 Beds
3 Baths
1,852 SqFt
New

321 Grand BLVD San Mateo, CA 94401

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Nadia Elkhatib

Nadia Elkhatib

+1(650) 906-1563

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $782

MLS Listing ID ML82022562

Style Victorian

Bedrooms 4

Full Baths 3

Year Built 1902

Lot Size 7,631 Sqft

Property Sub-Type Triplex

Property Description

Rare single story triplex consisting of a stand alone cottage and a duplex building on a large 7,631 SqFt lot in one of the Bay Area's most coveted submarkets. Located in close proximity to Downtown Burlingame, Downtown San Mateo, SFO and other landmarks. An ADU consultancy's pre-feasibility study indicates that up to four Accessory Dwelling Units can be added which would drive substantial income and appreciation. Up to 75% LTV conventional financing. Opportunity for future owner-occupancy and a low cost alternative to a single family home. Two one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. All three units are large and have private yards and are occupied, providing steady rental income. Tremendous rental income upside upon unit turnover and renovation. There is a three vehicle car-port in the back of the property. Monthly rent: $7,300 (current), $10,000 (proforma). The strong rent growth, shortage of housing units, proximity to large Silicon Valley employers, and ADU potential make 321 Grand Boulevard an exceptional investment for both the cash flow and appreciation-minded investor. Offering memorandum, disclosures, and walkthrough video available.

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning RM0000

Interior

Heating Forced Air, Gas, Wall Furnace

Cooling Ceiling Fan

Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior

Parking Features Assigned Spaces, Carport , Common Parking Area, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View None

Roof Type Composition,Shingle

Building

Story 1

Foundation Brick , Combination, Concrete Perimeter

Sewer Sewer - Public, Sewer Available, Sewer Available at Site, Sewer in Street

Water Public

Level or Stories 1

Others

Tax ID 032-161-100

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Nadia Elkhatib

Nadia Elkhatib

Agent | License ID: 02049050

+1(650) 906-1563

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