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315 Grand Boulevard San Mateo, CA 94401
$1,950,000 2 beds, 4 baths
2, 410 sqft
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Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# ML82014446
List price is $1,950,000
Beds: 2
Baths: 4 (4 full)
Family Room fireplaces
Built in 1927
2,410 sqft
0.17 acres
Lot size: 0.1743
County: San Mateo
Property style: Tudor
Zoning: R-3
Appliances: Dishwasher,Electric Cooktop,Electric Oven,Freezer,Disposal,Microwave,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Parking description: Off Street,Uncovered
MLS area: 699 - Not Defined

Last Updated: 7/12/2025

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This listing belongs to the 699 - Not Defined MLS area

The style of this listing is Tudor.
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Lat/Long: 37.574924, -122.334638.
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Listing Agent: Ismael Benhamida
Co Listing Agent: Hanna John Azar
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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