315 Grand Boulevard, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 4 bath
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San Mateo, California 94401
This Turnkey Tudor-Style Fourplex is a High-Potential Investment Opportunity listed at $1,950,000, representing a stable entry at its $1,950,000 Fair Market Value. Boasting a Good Condition Rating, the property features three remodeled units with high-end finishes, new copper plumbing, and a 2017 roof. A pre-feasibility study indicates potential for 5 additional ADUs, offering massive forced appreciation and rental growth. Located near major Silicon Valley employers, this asset provides a rare "house hack" path with 80% LTV financing. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 Grand Boulevard Subject | $1,950,000* List Price | 2 | 4 | 2,410 | $809 | - |
A 124 S Idaho Street Sold | $1,680,000 | 3 | 2 | 2,230 | $753 | 1.0 mi |
B 121 S Fremont Street Sold | $1,950,000 | 4 | 5 | 2,355 | $828 | 0.9 mi |
C 829 N Idaho Street Sold | $2,200,000 | 4 | 3 | 2,243 | $981 | 0.6 mi |
D 337 N Eldorado Street Active | $1,588,000 List Price | 4 | 2 | 1,877 | $846 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1927, the property has undergone substantial capital improvements including new electrical wiring, copper plumbing, and a new roof (2017). The listing explicitly states that three out of the four units have been 'completely remodeled with high-end finishes,' which is evident in the images showing modern kitchens with new stainless steel appliances (excluding one older refrigerator), updated bathrooms with contemporary vanities, recessed lighting, and new flooring (LVP/tile). While one unit appears to be un-remodeled (as seen in Image 7 with carpet and older ceiling tiles), the significant upgrades to the building's core systems and the majority of the units make this property move-in ready and in very good condition. It aligns well with the 'Good' criteria of being extensively renovated within 5-15 years and having well-maintained, functional major systems.
A pre-feasibility study indicates potential for up to 5 additional ADU units, promising substantial income growth and appreciation, making this an exceptional investment opportunity.
Situated in a highly coveted San Mateo submarket with strong rent growth and close proximity to major Silicon Valley employers, ensuring consistent demand and tenant appeal.
The property boasts recent major system upgrades (new electrical, copper plumbing, 2017 roof) and three fully remodeled units, offering a truly turnkey investment with reduced immediate capital expenditure.
Built in 1927, despite significant renovations, the inherent age of the structure may lead to unexpected maintenance issues or require specialized upkeep over time compared to newer constructions.
Three of the four units are studios, which could limit the tenant pool to primarily single occupants and potentially lead to higher tenant turnover compared to properties with more diverse unit sizes.
Operating a fourplex inherently demands more active property management (tenant relations, multiple leases, maintenance coordination) than a single-family residence, which may be a consideration for new multi-family owners.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,410 | 1,840 |
| Lot Size | 7,591 | 6,059 |
| Price | $1.95M | $2.27M |
| Price per sq ft | $809 | $1.4K |
| Built year | 1927 | 1950 |
| HOA | $0 | $600 |
| Days on market | 375 | 29 |
Jul 12, 2025
$1,950,000
Initial Listing