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About the Listing ML5012166 - ML5086143,ML5091085
*Call for offers Thursday 10/16 at 11:00am.*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. The adjacent triplex at 327 Grand Blvd and the fourplex at 315 Grand Blvd are also available for sale.
Listing Highlights for 321 Grand Boulevard
Status
Pending
Days on Site
32
Property Type
Multi-Family
MLS ®
ML82022562
Year Built
1902
Total Square Footage
1,852
Lot/Acreage
0.18
County
San Mateo
Area
699 - Not Defined
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Wall Furnace
- Fireplaces:
- Floor: Carpet,Wood,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 1
- Zoning: RM0000
- Roof: Composition,Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Uncovered
Financial Details
- Tax Amount: $17,477
- Taxes w/Assessments: N/A
- Tax/Property ID: 032161100
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
321 Grand Boulevard San Mateo, CA 94401
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