1385 Elm Street, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 2 bath
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San Carlos, California 94070
Buy-and-Hold Investors or Patient Capital Strategists..."
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"San Carlos White Oaks investment..."
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I mentioned it's a "rare entry into a high-demand market."
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$1,215,621.24 -> $1,215,621.
$1,249,950 -> $1,249,950.
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I mentioned Central Middle School. I could add Sequoia High.
"...near **Central Middle School** and **Sequoia High School**."
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It has a patio.
Property is moderate renovation needed.
Built in 1946, the property is well-maintained but features dated architectural elements and fixtures. While it includes some modern upgrades like a tankless water heater and hardwood floors, the bathroom's pedestal sink and older tiling, along with the mid-century wood-beam ceilings and vintage light fixtures, indicate that the home has not undergone a comprehensive renovation in recent decades. It is move-in ready but requires cosmetic and functional updates to meet contemporary luxury standards.
Middle School: Central Middle School (9/10).
Situated in the highly sought-after White Oaks neighborhood of San Carlos, this property offers exceptional long-term value in a premier residential community.
Priced substantially below market value for the area, this listing represents a unique 'gold bar' investment for buyers looking to secure a high-value asset at a reduced entry point.
The sale is subject to a life estate trust, meaning the buyer cannot occupy the home or collect rent while the current tenant remains in residence.
Purchasing this property requires the owner to act as a Trustee or manage specific trust terms, necessitating ongoing legal and administrative responsibilities regarding the tenant's rights.
Sale of the Real Property is subject to the continuing right to residence of the existing tenant pursuant to the terms of the existing trust. Purchase of the home will require the Purchaser to act as Trustee or to work with the tenant to ensure her right to reside on the property pursuant to the terms of the trust are protected. Rent can not be charged. Tenant can not be evicted if she adheres to trust details. 3 good sized Bedrooms, 2 full Bathrooms, Living Room with brick wood burning fireplace, separate formal Dining Room, Laundry Room and Pantry. Kitchen has a cheery Eating Area, plenty of cabinets and counter space. Wood beam ceilings, hardwood floors, very spacious closets, tankless water heater. Detached 2 Car Garage. Front curb appeal, rear yard with mature shrubs, trees. Large rear side patio off of the Living Area for gracious entertaining. Nestled in the popular White Oaks Neighborhood. Reason for selling...Senior Trustee does not want the responsibility any longer. Beneficiaries are aware of sale. Please read the Addendum to the Listing Contract drawn up by the Trust Attorney. This is a fantastic opportunity to own a home in White Oaks at such a reduced price. Jut like owning a Gold Bar.
No exterior & parking available.
Grades 6-8 • 0.7 mi
Grades K-8 • 1.2 mi
Grades 5-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,760 | 2,050 | 24% |
| Lot Size | 6,110 | 7,306.5 | 33% |
| Price | $1.25M | $2.85M | 2% |
| Price per sq ft | $710 | $1.3K | 2% |
| Built year | 1946 | 1954 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 99 | 36% |
Mar 27, 2026
$1,249,950
$1,499,950
-17% Price Drop
Initial Listing
Feb 2, 2026
$1,499,950
Initial Listing