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Lot/land
  • Price cut: $250K (6/23)
    $1,400,000

    987 Laurel St, San Carlos, CA 94070

    --beds
    --baths
    3,000Square Feet
    Residential Development Land, Unimproved Land
    Built in ----
    3,000 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.
    85 days
    |
    201
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander Kent 01718732 650-793-0541,

    Compass 415-660-9955

    Source: MLSListings Inc,MLS#: ML82044092MLS Logo

      Facts & features

      Property

      Features
      • Fencing: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 3,000 Square Feet
      • Features: Other
      Details
      • Additional structures: Other
      • Parcel number: 051358020
      • Zoning: MU-N-50: retail, office,
      • Special conditions: Standard

      Utilities & green energy

      • Gas: NaturalGas, PublicUtilities
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Available, Public Utilities, Water Public

      Community & HOA

      Location
      • Region: San Carlos

      Financial & listing details

      • Date on market: 4/22/2026
      • Listing agreement: ExclusiveAgency

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,628/mo

        Price history

        DateEventPrice
        6/23/2026Price change$1,400,000-15.2%
        Source: MLSListings Inc #ML82044092 Report a problem
        6/12/2026Price change$1,650,000-10.8%
        Source: MLSListings Inc #ML82044092 Report a problem
        5/16/2026Price change$1,850,000+2.8%
        Source: MLSListings Inc #ML82044092 Report a problem
        12/22/2025Price change$1,800,000-2.7%
        Source: MLSListings Inc #ML82027747 Report a problem
        11/26/2025Price change$1,850,000-7.5%
        Source: MLSListings Inc #ML82027747 Report a problem
        11/16/2025Listed for sale$2,000,000
        Source: MLSListings Inc #ML82027747 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 94070

        Getting around

        95 / 100
        Walker's Paradise
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: SanCarlosElementary

        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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