Introducing 245 Grand Blvd- a well-maintained, income-producing 4-unit multifamily property located in the heart of San Mateo, one of the Peninsula's most desirable and centrally located cities. Each of the four units offers a 1-bedroom, 1-bathroom layout, providing a versatile investment opportunity for both seasoned investors and owner-occupiers. This classic property boasts well-proportioned floor plans, with bright interiors, functional kitchens, and strong rental appeal. It offers easy access to Downtown San Mateo, major commute corridors including Highway 101 & 92, and proximity to SFO, tech campuses, and public transit. Whether you're looking to live in one unit and rent out the others or expand your real estate portfolio with a solid cash-flowing asset, 245 Grand Blvd checks all the boxes.
Sold for $1,830,000
$1,830,000
245 Grand Blvd, San Mateo, CA 94401
4beds
3,746sqft
Other, Residential
Built in 1925
5,136 Square Feet Lot
$3,021,200 Zestimate®
$489/sqft
$6,917 Estimated rent
Home value
$3,021,200
$2.63M - $3.44M
$6,917/mo
Zestimate® history
Owner options
List your home for rent
$6,917/mo
Rent Zestimate®
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$6,917/mo
Rent Zestimate®
Refinance and save
$11,662/mo
Est. payment
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$11,662/mo
Est. payment
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List your homeWhat's special
Bright interiorsFunctional kitchens
Zillow last checked:
Listing updated:
Listed by:
Disen Cai RE Group 70010134 650-622-2156,
KW Advisors 650-627-3700
Bought with:
Kulda Group, 70010081
KW Advisors
Source: MLSListings Inc,MLS#: ML82023398
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Dining room
- Features: NoFormalDiningRoom
Family room
- Features: NoFamilyRoom
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Freezer, Oven/Range, Refrigerator
- Laundry: Inside
Interior area
- Total structure area: 3,746
- Total interior livable area: 3,746 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Carport
- Carport spaces: 4
Features
- Stories: 2
Lot
- Size: 5,136 Square Feet
Details
- Parcel number: 032152160
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other, Residential
Materials
- Foundation: Other
- Roof: Other
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $489/sqft
- Tax assessed value: $563,543
- Annual tax amount: $13,824
- Date on market: 10/1/2025
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $1,830,000+30.8%$489/sqft |
Source:  MLSListings Inc #ML82023398 Report a problem | ||
| 10/14/2025 | Pending sale | $1,399,000$373/sqft |
Source: MLSListings Inc #ML82023398 Report a problem | ||
| 10/1/2025 | Listed for sale | $1,399,000$373/sqft |
Source: MLSListings Inc #ML82023398 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,824 +2.9% | $563,543 +2% |
| 2024 | $13,429 +5.1% | $552,494 +2% |
| 2023 | $12,780 +3.9% | $541,662 +2% |
| 2022 | $12,298 +11% | $531,042 +2% |
| 2021 | $11,076 +8.6% | $520,630 +1% |
| 2020 | $10,196 +6.5% | $515,292 +2% |
| 2019 | $9,569 +5.8% | $505,190 +2% |
| 2018 | $9,041 +14.6% | $495,285 +2% |
| 2017 | $7,886 +6.7% | $485,574 +2% |
| 2016 | $7,394 +4% | $476,054 +1.5% |
| 2015 | $7,109 | $468,904 +2% |
| 2014 | $7,109 | $459,720 +0.5% |
| 2013 | -- | $457,643 +2% |
| 2012 | -- | $448,671 |
| 2011 | -- | $448,671 +2.8% |
| 2010 | -- | $436,587 -0.2% |
| 2009 | -- | $437,626 +2% |
| 2008 | -- | $429,046 +2% |
| 2007 | -- | $420,634 +2% |
| 2006 | -- | $412,387 |
| 2005 | -- | $412,387 +4% |
| 2004 | -- | $396,375 +1.9% |
| 2003 | -- | $389,111 +2% |
| 2002 | -- | $381,483 +2% |
| 2001 | -- | $374,004 +2% |
| 2000 | -- | $366,672 |
Find assessor info on the county website
Neighborhood: San Mateo Heights
Nearby homes
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- $--1 bd1 ba870 sqft255 Grand Blvd APT 2, San Mateo, CA 94401Off Market
- $--1 bd1 ba870 sqft255 Grand Blvd APT 1, San Mateo, CA 94401Off Market
- $--1 bd1 ba900 sqft255 Grand Blvd APT 3, San Mateo, CA 94401Off Market
Nearby schools
GreatSchools rating
- 2/10San Mateo Park Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Borel Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10San Mateo High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- District: SanMateoFosterCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,021,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,021,200
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