315 Grand Boulevard, San Mateo, California 94401, San Mateo, 94401 - bed, bath

315 Grand Boulevard, San Mateo, California 94401 home-pic-0

315 Grand Boulevard

San Mateo, California 94401

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,410Sq Ft
7,591Lot Size

Property Price

LIST PRICE$1,950,000

SUMMARY

Analysis of 315 Grand Boulevard, San Mateo, California 94401 is currently available with a list price of $1,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Mateo 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

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1927, the property has undergone extensive and recent renovations. The description highlights 'new electrical wiring and sub-panels, copper plumbing throughout,' and a 'roof (2017),' indicating major system updates. Furthermore, 'three units completely remodeled with high-end finishes' are evident in the images, showcasing modern kitchens with shaker cabinets, stainless steel appliances, and recessed lighting, along with updated bathrooms and new flooring. These comprehensive updates bring the property's condition to a virtually new standard, aligning with the 'Excellent' criteria for extensively renovated properties.

PROSSTRENGTHS & OPPORTUNITIES

  • Significant ADU Development Potential

    A pre-feasibility study indicates the potential to add up to 5 ADU units, offering substantial future income and appreciation for investors.

  • Extensive Recent Capital Improvements

    Major upgrades including new electrical, copper plumbing, roof (2017), and high-end remodels in three units significantly reduce immediate capital expenditures for the buyer.

  • Prime San Mateo Location

    Situated in a highly coveted Bay Area submarket with strong rent growth, housing shortage, and proximity to major Silicon Valley employers, ensuring high demand and appreciation.

CONSRISKS & DEFICIENCIES

  • Age of Structure

    Built in 1927, despite extensive renovations, the property's age may still imply potential for unforeseen maintenance or structural issues typical of older buildings.

  • Predominant Studio Unit Mix

    Three of the four units are studios, which could limit the diversity of the tenant pool and potentially impact long-term rental income growth compared to properties with larger unit configurations.

  • High Entry Price Point

    The list price of $1.95 million represents a substantial initial investment, narrowing the pool of eligible buyers to those with significant capital.

About 315 Grand Boulevard

Rare turnkey tutor style fourplex situated on a large 7,591 SqFt lot in one of the Bay Area's most coveted submarkets. Opportunity for owner-occupancy with up to 80% LTV conventional financing. Low cost alternative to a single family home. Three studio units and one 2-bed/1-bath unit. Two vacant fully remodeled units - a rear cottage studio and a 2-Bed/1-Bath flat - both with in-unit laundry. Substantial capital improvements completed including new electrical wiring and sub-panels, copper plumbing throughout, roof (2017), fencing, asphalt and concrete, and three units completely remodeled with high-end finishes. Two studios are rented, one of which is fully remodeled. An ADU consultancy's pre-feasibility study indicates that up to 5 ADU units can be added which would drive substantial income and appreciation. There are 2 private 1-car garages and 5 uncovered parking spaces. Monthly rent: $9,965 (scheduled), $10,885 (proforma). The strong rent growth, shortage of housing units, proximity to large Silicon Valley employers, and ADU potential make 315 Grand Boulevard an exceptional investment for both the cash flow and appreciation-minded investor. Offering memorandum, disclosures, walkthrough video, and Matterport tours available.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1927
Lot Size
7,591 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,4102,485
50%
Lot Size7,5917,581.5
50%
Price$1.95M$1.76M
50%
Price per sq ft$809$685
75%
Built year19271926
50%
HOA$0$0
50%
Days on market238195
75%

Pricing History

Listed for Sale

Jul 12, 2025

$1,950,000

Initial Listing

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