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Listed by Ismael Benhamida • Compass
$ 4,833,000
Est. payment /mo
Open Sat 2PM-4PM
315-327 Grand Boulevard San Mateo, CA 94401
6,369 SqFt
Open House
Sat Oct 11, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,369 sqft
Price per Sqft $758
MLS Listing ID ML82024413
HOA Y/N No
Year Built 1902
Lot Size 0.525 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Rare chance to acquire one, two, or all three multifamily properties located on contiguous parcels on Grand Boulevard in San Mateo. 315 (fourplex), 321 (triplex), and 327 (triplex) Grand Blvd (MLS# ML82022562, ML82024252, ML82015184). Available separately or combined. Potential to construct up to 12 ADUs per an ADU consultancys pre-feasibility study. These properties total 10 units, 6,369 SqFt of building area, and 22,873 SqFt of land. 315 Grand is renovated, has two vacancies, and the potential for 5 ADUs. 321 and 327 Grand are value add opportunities with below market rents and are fully leased. 321 Grand has the potential for 4 ADUs and 327 Grand has the potential for 3 ADUs. Conveniently located near Downtown San Mateo, residents enjoy walkable access to shops, dining, and entertainment, as well as proximity to Caltrain, Highway 101, and Highway 92, providing easy commutes throughout the Peninsula and Silicon Valley. The robust economy, excellent schools, high quality of life, rent growth, and ADU potential make 315, 321, and 327 Grand Blvd. a great opportunity for cash flow, appreciation, and development minded investors.
Location
State CA
County San Mateo
Interior
Heating Natural Gas, Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Appliance Refrigerator
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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