
San Carlos, California 94070
Prime mixed-use opportunity in the heart of San Carlos, ideally positioned along Laurel Street and El Camino Real. The entire building will be delivered vacant, offering an owner-user or investor the flexibility to occupy, lease, or reposition the property. Situated on a 4,905-square-foot lot, the approximately 2,080-square-foot building features a remodeled ground-floor one-bedroom/one-bathroom residential unit, along with a vacant retail hair salon space. The second floor offers a spacious two-bedroom/one-bathroom residence that has been fully remodeled with high-end finishes. Additional features include convenient rear parking and a private patio serving the upstairs residence. Located in San Carlos, known as The City of Good Living, the property benefits from the citys desirable Peninsula location, excellent climate, strong residential appeal, and vibrant downtown. Residents and tenants enjoy easy access to Downtown San Carlos, with an array of restaurants, cafes, shopping, and entertainment options within walking distance. With its flexible mixed-use configuration, vacant delivery, remodeled interiors, parking, and highly desirable location, 1176 Laurel St presents a compelling opportunity in one of the Peninsulas most sought-after communities.
Property is new construction or fully renovated.
Although built in 1955, the property has been fully remodeled with high-end finishes in the residential units. Visuals show modern bathrooms with LED mirrors and updated mini-split HVAC systems, indicating a recent comprehensive renovation that puts the interior in mint, move-in-ready condition.
Middle School: Central Middle School (9/10).
Ideally positioned in the heart of San Carlos on Laurel Street, the property offers exceptional walkability to downtown amenities and high visibility for the retail component.
The building is delivered entirely vacant, providing an owner-user or investor the rare opportunity to immediately lease at current market rates or reposition the space without tenant encumbrances.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4900, other record lot size in square feet = 4756.
At a list price of $2.8 million for approximately 2,080 square feet, the high cost per square foot may challenge initial yield expectations for traditional cap-rate-driven investors.
Originally constructed in 1955, the property may have aging underlying systems or structural elements that require ongoing maintenance despite the recent cosmetic interior upgrades.
No exterior & parking available.
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
Oct 1, 2026
$2,700,000
$2,800,000
-4% Price Drop
Initial Listing
Aug 21, 2026
$2,800,000
Initial Listing
Dec 11, 1996
$295,000
Public Record