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Cindy Chin

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$ 1,450,000

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321 Grand BLVD San Mateo, CA 94401

1,852 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $782

MLS Listing ID ML82022562

HOA Y/N No

Year Built 1902

Annual Tax Amount $17,477

Lot Size 7,631 Sqft

Property Sub-Type Triplex

Property Description

Rare single story triplex consisting of a stand alone cottage and a duplex building on a large 7,631 SqFt lot in one of the Bay Area's most coveted submarkets. Located in close proximity to Downtown Burlingame, Downtown San Mateo, SFO and other landmarks. An ADU consultancy's pre-feasibility study indicates that up to four Accessory Dwelling Units can be added which would drive substantial income and appreciation. Up to 75% LTV conventional financing. Opportunity for future owner-occupancy and a low cost alternative to a single family home. Two one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. All three units are large and have private yards and are occupied, providing steady rental income. Tremendous rental income upside upon unit turnover and renovation. There is a three vehicle car-port in the back of the property. Monthly rent: $7,300 (current), $10,000 (proforma). The strong rent growth, shortage of housing units, proximity to large Silicon Valley employers, and ADU potential make 321 Grand Boulevard an exceptional investment for both the cash flow and appreciation-minded investor. Offering memorandum, disclosures, and walkthrough video available.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning RM0000

Interior

Heating Forced Air, Wall Furnace

Flooring Carpet, Tile, Wood

Fireplace No

Exterior

Parking Features Covered, Carport, Off Street, Uncovered

Carport Spaces 3

View Y/N Yes

View None

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 1

Building

Story 1

Foundation Brick/Mortar, Combination, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Victorian

Schools

Elementary Schools Other

Middle Schools Other

High Schools San Mateo

School District Other

Others

Tax ID 032161100

Acceptable Financing FHA

Listing Terms FHA

Special Listing Condition Standard

Virtual Tour https://youtu.be/8c4eCvF3hUI

Listed by Ismael Benhamida Compass

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+1(877) 622-7788

info@cindychinrealty.com