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Paolo Ocampo

paolo.ocampo@exprealty.com +1(510) 736-3886

Listed by Ismael Benhamida • Compass

$1,950,000

Est. payment - /mo

2 Beds

4 Baths

2,410 SqFt

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OPEN HOUSE

Tue Jul 15, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $809

MLS Listing ID ML82014446

Bedrooms 2

Full Baths 4

HOA Y/N No

Year Built 1927

Lot Size 7,591 Sqft

Property Sub-Type Detached

Source Datashare MLSListings

Property 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 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.

Location

State CA

County San Mateo

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Flooring Tile

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Electric Range, Microwave

Laundry Dryer, Washer

Exterior

Garage Spaces 2.0

Private Pool false

Building

Story 2

Foundation Slab

Water Public

Architectural Style Tudor

Schools

School District San Mateo Union High, San Mateo-Foster City Elementary

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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Paolo Ocampo

+1(510) 736-3886

Agent | CA BRE #02127190

Agent CA BRE #02127190

315 Grand Boulevard San Mateo, CA 94401

Paolo Ocampo

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

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