230 Grand Boulevard

San Mateo, CA 94401

$3,275,000
Last Sold Price
Beds
6,290 Sq. Ft.
$521 / Sq. Ft.
6,290
Sq. Ft.
$521
per Sq. Ft.

Description

230 Grand Blvd. represents a rare opportunity to acquire a 6-unit multifamily investment opportunity located in the highly exclusive San Mateo market. Originally built in 1978, the property is situated on a 9,800 square foot parcel of land with a gross building area of 6,290 square feet. The asset features an ideal unit makeup, including three (3) 2-bed/2-bath and three (3) 1-bed/1-bath flats. Tenants enjoy convenient community amenities such as private parking, patios/balconies and on-site laundry....230 Grand Blvd. represents a rare opportunity to acquire a 6-unit multifamily investment opportunity located in the highly exclusive San Mateo market. Originally built in 1978, the property is situated on a 9,800 square foot parcel of land with a gross building area of 6,290 square feet. The asset features an ideal unit makeup, including three (3) 2-bed/2-bath and three (3) 1-bed/1-bath flats. Tenants enjoy convenient community amenities such as private parking, patios/balconies and on-site laundry. Five of the Six units have been renovated with high-end designer finishes, with two units featuring in-unit washers and dryers. 230 Grand Blvd is approximately equidistant to Downtown San Mateo and Downtown Burlingame, and is within close proximity to one of the most expensive zip codes in the country - Hillsborough, CA.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030

Property Details for 230 Grand Boulevard

MLS City Name
SAN MATEO
Building Type
Other
Garage Spaces
0
Parking Spaces
9
LISTING UPDATED: 12/04/2024 05:28 PM

Property Details for 230 Grand Boulevard

StatusSold
MLS #ML81981039
Days on Compass14
Taxes$45,558 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1978
Lot Size0.22 AC / 9,800 SF
CountySan Mateo County

Building Information for 230 Grand Boulevard

Stories-Residences-Year Built1978Building Size-Lot Size0.22 AC / 9,800 SF

Property Information for 230 Grand Boulevard

Features
Features
  • Fireplace: No
  • Living SqFt: 6290
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: 19th Avenue Park / Sunnybrae
  • Restrictions: None
  • Roof: Composition, Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 230
  • Street Name: Grand
  • Street Suffix: Boulevard
  • Area ID: 418
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6290
  • Structure SqFt Source: Other
  • Age: 46
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 032-153-050
  • County Name: San Mateo
  • City Name: SAN MATEO
  • City Postal ID: 62
  • Postal Code: 94401
  • Elementary School District: 938
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .23
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $45,558
  • Capitalization Rate: 4.41
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,290
  • Expense Landscape: $3,000
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $3,123
  • Expenses Other: $1,800
  • Expenses Utility: $5,116
  • Expenses Total: $67,887
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 14.99
  • Income Annual Gross: $212,744
  • Income Annual Rental: $218,124
  • Income Gross Scheduled: $219,324
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,590
Unit 2 Information
  • Unit 2 Approx Square Footage: 950
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,762
Unit Type 1
  • Unit Type1 Approx SqFt: 750

Property History for 230 Grand Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 230 Grand Boulevard

Taxable ValueLand$1,600,000Additions$1,000,000Total$2,600,000
Tax Record2024$39,552 ($3,296 / month)
Home Facts
Baths9Total Finished SqFt6,290 SqFtAbove Grade Finished SqFt6,290 SqFtStories2Lot Size9,744 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningR30000CountySAN MATEOAPN032-153-050

Schools near 230 Grand Boulevard

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
San Mateo Park Elementary School
PublicK to 5

Borel Middle School
Public6 to 8

San Mateo High School
Public9 to 12

College Park Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.