793 Elm Street 21, San Carlos, California 94070, San Carlos, 94070 - 2 bed, 2 bath
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San Carlos, California 94070
This End-Unit Penthouse Residence is a Prime Investment Opportunity, listed at $1,350,000—positioned well below the $1,387,787 Fair Market Value by 2%. This valuation gap provides $37,787 in Instant Equity. Boasting a Condition Rating of 4, the 1,519 sqft interior features soaring vaulted ceilings and dual outdoor spaces, offering significant upside through cosmetic modernization. Located steps from downtown San Carlos and the 9/10 rated Central Middle School, this property includes a pool, spa, and secure parking. It is an ideal acquisition for Owner-Occupants or Professional Commuters seeking a spacious urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 793 Elm Street 21 Subject | $1,350,000* List Price | 2 | 2 | 1,519 | $914 | - |
A 633 Elm Street 212 Sold | $1,300,000 | 2 | 2 | 1,258 | $1,033 | 0.2 mi |
B 656 Cedar Street 3 Active | $1,150,000 List Price | 2 | 3 | 1,440 | $799 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this penthouse is well-maintained and move-in ready but features largely original or dated finishes. The kitchen contains 1980s-style fluorescent light boxes, green square tile backsplashes, and older black appliances rather than modern stainless steel. The presence of mirrored walls, older carpeting, and original cabinetry throughout the unit indicates that while the home has been cared for, it has not undergone the extensive modern renovation required for a higher rating.
Middle School: Central Middle School (9/10).
Situated just blocks from downtown San Carlos and the Caltrain station, this property offers exceptional access to top-rated schools, dining, and shopping, making it ideal for commuters and urban enthusiasts.
As an end-unit penthouse with soaring vaulted ceilings and multiple private outdoor spaces, the residence provides superior natural light, enhanced privacy, and a sense of volume rarely found in condo living.
The association fee of $790 per month represents a significant recurring cost that may impact the overall monthly carrying costs and affordability for some buyers.
Built in 1982, the building and unit may require cosmetic updates or modern infrastructure improvements to meet the aesthetic and energy-efficiency preferences of contemporary luxury buyers.
End-unit penthouse condo just blocks from vibrant downtown San Carlos. This 2-bedroom, 2-bathroom residence is ideally positioned in one of the most desirable locations in the building. A formal entry welcomes you into a light-filled living room with soaring vaulted ceilings, seamlessly connecting to a formal dining area that opens onto a private deck nestled in the trees. The thoughtfully designed kitchen offers both functionality and flow. Just down the hall you have a spacious primary suite with dual closets, while the second bedroom includes its own private balcony, offering added comfort and privacy. A separate laundry room with washer and dryer enhances everyday convenience. Prime location, walking distance to restaurants, shops, the library, adult community center, top-rated schools, and just a short stroll to the Caltrain station. This well-maintained, contemporary complex consists of only 24 units and offers recreation rooms on each floor, a pool and spa, inviting lobby, elevator access, and wide, well-lit hallways. Additional highlights include extra storage and two secure underground parking spaces.
No exterior & parking available.
Grades 6-8 • 0.2 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,519 | 1,216 | 73% |
| Lot Size | - | - | 50% |
| Price | $1.35M | $1.27M | 60% |
| Price per sq ft | $889 | $882 | 53% |
| Built year | 1982 | 1982 | 50% |
| HOA | $790.0 | $790 | 50% |
| Days on market | 9 | 83 | 7% |
Apr 13, 2026
$1,350,000
Initial Listing