315 Grand Boulevard
San Mateo, CA 94401
Map
- 2 beds
- 4 baths
- 2,410 sqft
- 7,591 sqft lot
- $809 per sqft
- 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.
Last checked:
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Last updated Jul 12, 2025
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MLS# ML82014446 —
This home is listed in more than one place. See it here, and here, and here, and here, and here.
The Building
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Year Built:1927
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:Tudor
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Roof:Composition, Shingle
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Foundation:Slab
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Stories Total:2
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Accessibility Features:None
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Common Walls:No Common Walls
Interior
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Kitchen Features:Stone Counters
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Flooring:Carpet, Tile
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Living Area Source:Assessor
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Fireplace:Yes
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Fireplace:Family Room
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Laundry:Dryer Included, Washer Included
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Laundry:1
Room Dimensions
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Living Area:2410.00
Location
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Directions:Cross Street: N San Mateo Dr
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Latitude:37.57492353
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Longitude:-122.33463752
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:R-3
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Lot Size Area:7591.0000
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Lot Size Acres:0.1743
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Lot Size SqFt:7591.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:2
Baths
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Total Baths:4
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Full & Three Quarter Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:032161110
Heating & Cooling
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Heating:1
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Cooktop, Dishwasher, Vented Exhaust Fan, Freezer, Disposal, Microwave, Electric Oven, Refrigerator
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Included:Yes
Schools
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Elementary:OTHER
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Elementary School:Other
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Middle School:Other
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Middle School:OTHER
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High School:San Mateo
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High School:SANMAT
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High School District:Other
The Community
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Off Street, Uncovered
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Parking Spaces:5.00
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Attached Garage:No
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Garage Spaces:2.00
Monthly cost estimate
Asking price
$1,950,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,441
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| Taxes | N/A |
| Insurance | $536 |
| Utilities | $222 See report |
| Total | $11,199/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/12/25
Jul 12, 2025
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Listed / Active | CRMLS_CA | $1,950,000 |
81% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $212k above asking price on average, but some went as high as $760k over asking price.
