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315 Grand Boulevard

San Mateo, CA 94401

– beds
– baths
– sqft
7,591 sqft lot
1927 build
– on site

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.

Listed By CRMLS_CA / Ismael Benhamida / Compass

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# ML82014445 —

This property is listed in more than one place. See it here, and here, and here, and here, and here.

The Building

Year Built:

1927
Year Built Source:

Assessor
Building Area Total:

2410.00
# of Buildings:

1
Architectural Style:

Tudor
Roof:

Composition, Shingle
Foundation:

Slab
Stories Total:

2
Accessibility Features:

None

Interior

Flooring:

Carpet, Tile

Location

Directions:

Cross Street: N San Mateo Dr
Latitude:

37.57492353
Longitude:

-122.33463752

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

R-3
Lot Size Area:

7591.0000
Lot Size Acres:

0.1743
Lot Size SqFt:

7591.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

22504.00

The Listing

Virtual Tour
Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

032161110

Heating & Cooling

Heating:

1
Cooling:

Yes

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Cooktop, Dishwasher, Vented Exhaust Fan, Freezer, Disposal, Microwave, Electric Oven, Refrigerator
Included:

Yes

The Community

Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Off Street, Uncovered
Parking Spaces:

5.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/12/25 Jul 12, 2025	Listed / Active	CRMLS_CA	$1,950,000

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This multifamily located in North Central San Mateo, San Mateo, CA 94401 is currently for sale for $1,950,000. 315 Grand Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 315 Grand Boulevard is in the North Central San Mateo neighborhood of San Mateo and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Borel Middle School, San Mateo Park Elementary School, and San Mateo High School.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Jul 13.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.