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. The adjacent triplexes at 321 Grand Blvd and 327 Grand Blvd are also available for sale.
Sold for $1,850,000
$1,850,000
315 Grand Blvd, San Mateo, CA 94401
2beds
4baths
2,410sqft
Quadruplex, Residential Income
Built in 1927
-- sqft lot
$-- Zestimate®
$768/sqft
$4,617 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,617/mo
Zestimate® history
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List your homeWhat's special
Fully remodeled unitsHigh-end finishesUncovered parking spacesIn-unit laundry
Zillow last checked:
Listing updated:
Listed by:
Ismael Benhamida 01722847 408-373-6195,
Compass 415-345-3000,
Hanna John Azar 02005698 415-875-0177,
Compass
Bought with:
Hanna John Azar, 02005698
Compass
Ismael Benhamida, 01722847
Compass
Source: MLSListings Inc,MLS#: ML82015184
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
Kitchen
- Features: Countertop_Stone, ExhaustFan
Heating
- Forced Air, Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Dishwasher, Exhaust Fan, Freezer, Disposal, Microwave, Electric Oven, Refrigerator
Features
- Flooring: Carpet, Tile
- Doors: None
Interior area
- Total structure area: 2,410
- Total interior livable area: 2,410 sqft
Property
Parking
- Total spaces: 9
- Parking features: Attached, Off Street
- Garage spaces: 2
- Carport spaces: 7
- Covered spaces: 9
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 7,591 Square Feet
Details
- Parcel number: 032161110
- Zoning: N/A
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tudor
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Condition
- Year built: 1927
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Mateo
Financial & listing details
- Price per square foot: $768/sqft
- Tax assessed value: $1,367,500
- Annual tax amount: $22,504
- Date on market: 7/18/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, DishwasherSomeUnits, Land, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $1,850,000-2%$768/sqft |
Source:  MLSListings Inc #ML82015184 Report a problem | ||
| 11/19/2025 | Pending sale | $1,888,000$783/sqft |
Source: MLSListings Inc #ML82015184 Report a problem | ||
| 10/10/2025 | Price change | $1,888,000-3.2%$783/sqft |
Source: MLSListings Inc #ML82015184 Report a problem | ||
| 7/21/2025 | Listed for sale | $1,950,000+41.7%$809/sqft |
Source: MLSListings Inc #ML82015184 Report a problem | ||
| 9/30/2024 | Sold | $1,376,500$571/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,524 +118.3% | $1,367,500 +359.6% |
| 2024 | $9,401 -22.7% | $297,518 +2% |
| 2023 | $12,156 -17.4% | $291,685 +2% |
| 2022 | $14,722 +79.3% | $285,967 +2% |
| 2021 | $8,213 +8.2% | $280,361 +1% |
| 2020 | $7,591 +10.3% | $277,488 +2% |
| 2019 | $6,880 +10% | $272,048 +2% |
| 2018 | $6,254 +44.2% | $266,715 +2% |
| 2017 | $4,336 +6.1% | $261,486 +2% |
| 2016 | $4,087 -1.3% | $256,360 +1.5% |
| 2015 | $4,142 | $252,510 +2% |
| 2014 | $4,142 | $247,565 +0.5% |
| 2013 | -- | $246,447 +2% |
| 2012 | -- | $241,616 |
| 2011 | -- | $241,616 +2.8% |
| 2010 | -- | $235,109 -0.2% |
| 2009 | -- | $235,669 +2% |
| 2008 | -- | $231,049 +2% |
| 2007 | -- | $226,520 +2% |
| 2006 | -- | $222,079 |
| 2005 | -- | $222,079 +4% |
| 2004 | -- | $213,458 +1.9% |
| 2003 | -- | $209,547 +2% |
| 2002 | -- | $205,439 +2% |
| 2001 | -- | $201,412 +2% |
| 2000 | -- | $197,464 |
Find assessor info on the county website
Neighborhood: San Mateo Heights
Nearby homes
- $--2 bd1 ba1k sqft315 Grand Blvd #317, San Mateo, CA 94401Off Market
- $1,425,0004 bd3 ba1.8k sqft321 Grand Blvd, San Mateo, CA 94401Sold
- $---- bd-- ba-- sqft321 Grand Blvd UNIT A, San Mateo, CA 94401Off Market
- $--1 bd1 ba1.8k sqft321 Grand Blvd #B, San Mateo, CA 94401Off Market
- $1,035,9002 bd2 ba1.4k sqft326 Grand Blvd #B, San Mateo, CA 94401Off Market
- $1,075,1002 bd3 ba1.4k sqft326 Grand Blvd, San Mateo, CA 94401Off Market
- $1,587,9003 bd3 ba1.7k sqft320 Grand Blvd, San Mateo, CA 94401Off Market
- $1,332,4002 bd3 ba1.4k sqft324 Grand Blvd, San Mateo, CA 94401Off Market
Nearby schools
GreatSchools rating
- 2/10San Mateo Park Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Borel Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10San Mateo High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: ParkElementary_1
- Middle: BorelMiddle
- High: SanMateoHigh
- 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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