315 Grand BL
San Mateo, CA, 94401
$1,950,000
2 Beds
4 Baths
2,410 SqFt
0.17 Acres
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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.

Property Details

Price:
$1,950,000
MLS #:
ML82014446
Status:
Active
Beds:
2
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
Listed Date:
Jul 12, 2025
Finished Sq Ft:
2,410
Lot Size:
7,591 sqft / 0.17 acres (approx)
Year Built:
1927
699 – Not Defined699notdefinedOtherOtherOtherSan Mateo

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Schools

School District:
Other
Elementary School:
Other
Middle School:
Other
High School:
San Mateo

Interior

Appliances
DW, FZ, GD, MW, RF, ES, EO, VEF
Bathrooms
4 Full Bathrooms
Flooring
TILE, CARP
Laundry Features
DINC, WINC

Exterior

Architectural Style
TUD
Parking Spots
5
Roof
CMP, SHN

Financial

Map

Community

Market Summary

Current real estate data for Single Family in San Mateo as of Dec 21, 2025
60
Single Family Listed
746
Avg DOM
664
Avg $ / SqFt
$1,281,865
Avg List Price

Property Summary

    315 Grand BL San Mateo CA is a Single Family for sale in San Mateo, CA, 94401. It is listed for $1,950,000 and features 2 beds, 4 baths, and has approximately 2,410 square feet of living space, and was originally constructed in 1927. The current price per square foot is $809. The average price per square foot for Single Family listings in San Mateo is $664. The average listing price for Single Family in San Mateo is $1,281,865.

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