987 Laurel Street, San Carlos, CA, CA 94070
- $1,400,000
- 1,185
- SqFt
- List Price
- $1,400,000
- Price Change
- ▼ $250,000 1782253035
- Status
- ACTIVE
- MLS#
- ML82027747
- County
- San Mateo
- Year Built
- 1946
- Building Square Feet
- 1,185
- Square Feet
- 3,000
- Days on Market
- 255
- Property Type
- Multifamily
- Style
- Contemporary
Property Description
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.
/u.realgeeks.media/grandestatesca/dp_logo_w_background.png){kind=logo}
Additional Information
- Taxes
- $20,696
- Parcel Number
- 051358020
- Gross Scheduled Income
- $119,021
- Number of Buildings
- 1
- Security Features
- Window Bars
- Utilities
- Natural Gas Available
- Cooling
- Yes
- View
- None
- Roof
- Tar/Gravel
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Alexander Kent (alex.kent@symphonic-inv.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.