1385 Elm Street, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 2 bath

1385 Elm Street
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 1385 Elm Street, San Carlos, California 94070 is currently available with a list price of $1,499,950. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Carlos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1946, this home is well-maintained with classic features like hardwood floors and wood-beamed ceilings, but the kitchen and bathrooms appear dated and lack modern designer finishes. While the property includes a modern tankless water heater and functional systems, it shows signs of age consistent with a home that has not undergone a comprehensive renovation in recent decades.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Central Middle School (9/10).
- Prime Location
Situated in the highly coveted White Oaks neighborhood of San Carlos, known for its strong community feel and high property values.
- Significant Investment Value
Offered at a substantially reduced price compared to market norms for the area, representing a long-term equity opportunity akin to a 'Gold Bar' investment.
CONSRISKS & DEFICIENCIES
- No Immediate Occupancy
The sale is subject to the existing tenant's continuing right to residence, meaning the buyer cannot move into the property for an indefinite period.
- Zero Rental Income
Per the terms of the trust, the owner is prohibited from charging rent, making this a non-performing asset regarding immediate cash flow.
- Complex Legal Obligations
The purchaser must assume the role of Trustee or work strictly within trust guidelines to protect the tenant's rights, requiring specialized legal oversight.
About 1385 Elm Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 6,110 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.7 mi
Clifford Elementary School
Grades K-8 • 1.2 mi
John F. Kennedy Middle School
Grades 5-8 • 2.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,760 | 2,020 | 28% |
| Lot Size | 6,110 | 6,408 | 47% |
| Price | $1.50M | $2.73M | 2% |
| Price per sq ft | $852 | $1.4K | 2% |
| Built year | 1946 | 1953 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 148 | 7% |
Pricing History
Listed for Sale
Feb 2, 2026
$1,499,950
Initial Listing

















