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… Read More 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. Read Less
Courtesy of Compass, Ismael Benhamida 408-373-6195
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
4
Square Ft.
2,410
Lot Size
0.17 Acres
Year Built
1927
MLS Number
ML82014446
30 Days Snapshot Of 94401
$1.13M
-9%
(avg) sold price
19
+11%
homes sold
39
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7591.00, Max Area Units: Square Feet
Building
Built in 1927, 2,410 square feet, 2,410 living square feet, Style: Tudor, Building type: Detached
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