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Listed by Compass, Ismael Benhamida, Hanna John Azar Listing Contact: 4083736195
Hanna John Azar

315-327 Grand Boulevard

$4,535,000 315-327 Grand Boulevard, SAN MATEO, CA 94401
*Call for offers 10/16 at 11:00am.* Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo. 315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184). Available separately or combined. Potential to construct up to 12 ADUs per an ADU consultancys pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased. 321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs. Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.
  • Sold
    Status
  • 1902
    Year Built
  • 6,369 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 6,369 Sq.Ft.
  • Total Area: 6,369 Sq.Ft.
  • Lot Size: 0.53 Acres
  • MLS® ID: ML82024413
  • Type: Multi-Family
  • Year Built: 1902
  • Architecture Styles: Tudor
  • Elementary School:Park Elementary
  • Middle School: Borel Middle
  • High School: San Mateo High
  • School District: San Mateo Union High

Interior

  • Appliances: Washer

Exterior & Building

  • Garage Space: 4.0
  • Water Source: Public
  • Pool: None
  • Roof: Composition, Shingle
  • Parking: Off Street, Attached, Carport, Detached
  • Heat Type: Natural Gas, Forced Air, Wall Furnace
  • Air Conditioning: Ceiling Fan(s)
  • Sewer: Public Sewer
  • Substructure: Slab, Concrete Perimeter

Financial

  • Sales Price: $4,535,000
  • Real Estate Tax: $73,478/yr
  • Maintenance Fee: $9,229/mo
  • Zoning: R3

315-327 Grand Boulevard

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
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