315 Grand Boulevard, San Mateo, California 94401, San Mateo, 94401 - 0 bed, 0 bath
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San Mateo, California 94401
This Turnkey Tudor-Style Quadruplex is listed at $1,950,000, representing a stable income asset positioned near its $1,769,494 Fair Market Value within a high-demand Silicon Valley corridor. Boasting an Excellent Condition Rating, the property features high-end finishes, new copper plumbing, and updated electrical systems, ensuring immediate rental readiness and minimal capital expenditure. Beyond the current $9,965 monthly rent, the large lot offers Significant ADU Development Potential for up to five additional units to drive forced appreciation. This versatile property is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hack with favorable financing.
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 | 0 | 0 | 2,410 | $734 | - |
A 436 Turner Terrace Sold | $2,075,000 | 0 | 0 | 2,993 | $693 | 0.2 mi |
B 119 E Poplar Avenue Active Under Contract | $1,698,000 List Price | 0 | 0 | 2,490 | $682 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
A pre-feasibility study indicates the potential to add up to 5 ADU units, offering substantial future income and appreciation for investors.
Major upgrades including new electrical, copper plumbing, roof (2017), and high-end remodels in three units significantly reduce immediate capital expenditures for the buyer.
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.
Built in 1927, despite extensive renovations, the property's age may still imply potential for unforeseen maintenance or structural issues typical of older buildings.
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.
The list price of $1.95 million represents a substantial initial investment, narrowing the pool of eligible buyers to those with significant capital.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,410 | 2,485 | 50% |
| Lot Size | 7,591 | 7,581.5 | 50% |
| Price | $1.95M | $1.76M | 50% |
| Price per sq ft | $809 | $685 | 75% |
| Built year | 1927 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 284 | 241 | 75% |
Jul 12, 2025
$1,950,000
Initial Listing