1761 Laurel Street, San Carlos, California 94070, San Carlos, 94070 - bed, bath
1761 Laurel Street
San Carlos, California 94070
Property Price
SUMMARY
Analysis of 1761 Laurel Street, San Carlos, California 94070 is currently available with a list price of $1,750,000. 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 1978, the property is functional and currently occupied by a tenant, featuring a recently replaced roof. However, it is being sold 'as-is' with an outdated office-style interior that would require significant renovation or conversion to meet modern residential standards, and the listing primarily emphasizes its value as a redevelopment site.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The MU-SB-100 zoning allows for significant vertical growth up to 60 feet or 5 stories, offering a prime opportunity for high-density residential or mixed-use redevelopment in a transit-accessible area.
- Versatile Permitted Uses
The property supports an extensive range of uses including medical, professional office, retail, and multi-family residential, providing investors with multiple exit strategies and flexible long-term utility.
- Immediate Holding Income
With an existing tenant providing lease income through at least 2026 and a likely extension to 2028, the property offers stable cash flow to offset carrying costs during the entitlement or planning phases.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 5145. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5776, other record living area = 2900.
- Occupancy Constraints
The current tenant's intent to exercise a two-year lease extension may delay immediate redevelopment or owner-user occupancy until 2028, which could impact short-term project timelines.
- As-Is Condition
The property is being sold in its current condition, which may necessitate significant capital expenditure for modernization or repairs if the buyer chooses to maintain the existing structure.
About 1761 Laurel Street
Office Building with Multi-Family Residential+ Zoning. For Lease, Sale or JV. Permitted: Office Business Professional, Medical Dental Office, General Personal Service, Multi-Unit Residential, Family Child Care, Day Care, Adult Day Care, Trade School, Community Assembly, Church, Instructional, Private School w CUP, Grooming or Pet Store, Veterinary w CUP, Restaurant, Bar w CUP, Hotel, Convenience or Grocery, Retail. MU-SB-100: Mixed-Use South Boulevard: Could go 60 ft or 5 stories with existing zoning codes, new state laws could potentially go higher depending on transit assessment. Building is 49 ft wide and 57 ft deep. There is an existing tenant, who has a right of first refusal on a sale, but has stated that they don't intend to exercise it, and an option to extend the lease 2 years past their 3/31/26 expiration, which they've stated they intend to exercise. For buyers, investors that want a leased investment, or a mixed use or residential development opportunity, with in place lease income, this is a positive scenario. As-Is sale. New roof. Current office layout interior has many private offices, conference rooms that could be used as into bedrooms. Buyer to inspect as desired.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1978
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,776 | 4,762 | 50% |
| Lot Size | 5,000 | 6,401 | 50% |
| Price | $1.75M | $1.83M | 50% |
| Price per sq ft | $303 | $406 | 50% |
| Built year | 1978 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 124 | 50% |
Pricing History
Listed for Sale
Dec 22, 2025
$1,750,000
$1,800,000
-3% Price Drop
Initial Listing
Price Change
Nov 27, 2025
$1,800,000
$1,950,000
-8% Price Drop
Initial Listing
Price Change
Nov 17, 2025
$1,950,000
Initial Listing
Sold
Jul 25, 1997
$465,000
Public Record