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Patricia Beattie

admin@brivio.com +1(800) 517-7326

Listed by Ismael Benhamida • Compass

$ 4,895,000

Est. payment -/mo

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Open Sat 2PM-4PM

315-327 Grand BLVD San Mateo, CA 94401

3 Beds

3 Baths

6,369 SqFt

Open House

Sat Oct 11, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,369 sqft

Price per Sqft $768

MLS Listing ID ML82024413

Style Tudor

Bedrooms 3

Full Baths 3

Year Built 1902

Lot Size 0.525 Acres

Property Sub-Type Five or More Units

Property Description

Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo. 315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184). Available separately or combined. Potential to construct up to 12 ADUs per an ADU consultancys pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased. 321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs. Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.

Location

State CA

County San Mateo

Area Eastern Addition/Downtown Area

Zoning R3

Interior

Heating Forced Air, Gas, Wall Furnace

Cooling Ceiling Fan

Laundry Washer/Dryer - Some Units

Exterior

Exterior Feature Back Yard, Fenced, Low Maintenance

Parking Features Attached Garage, Carport , Detached Garage, Off-Street Parking, Uncovered Parking

Garage Spaces 4.0

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

Roof Type Composition,Shingle

Building

Lot Description Grade - Mostly Level

Foundation Brick , Concrete Perimeter, Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID Multiple

Security Features None

Special Listing Condition Not Applicable

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

Patricia Beattie

315-327 Grand BLVD San Mateo, CA 94401

Open House

Key Details

Location

Interior

Exterior

Building

Others

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315-327 Grand BLVD