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    245 Grand Blvd San Mateo, CA 94401

    For Sale
    $1,399,000

    Four-unit multifamily property in a desirable San Mateo location.

    Lot size:
    0.12 Acres

    Property Features for 245 Grand Blvd

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1925

    Source: KW Advisors Agent Disen Cai RE Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Mateo Multifamily Investment Opportunity

    Located in San Mateo, California, 245 Grand Blvd is a well-maintained, income-producing, four-unit multifamily property. Each unit features a one-bedroom, one-bathroom layout. The property offers versatile investment opportunities for both seasoned investors and owner-occupiers. The building features well-proportioned floor plans, bright interiors, and functional kitchens. The property provides convenient access to Downtown San Mateo and major commute corridors, including Highway 101 and 92. It is also located near SFO, tech campuses, and public transit. This property represents a solid cash-flowing asset.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.335594
    Latitude
    37.574244

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in a desirable San Mateo location.
    Where is this quadplex located?
    The property is located at 245 Grand Blvd San Mateo, CA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Income-producing 4-unit multifamily property; - Located in highly desirable and centrally located San Mateo; - Each unit is a 1-bedroom, 1-bathroom layout
    (650) 622-2156
    Request Owner's contact information
    245 Grand Blvd San Mateo, CA 94401
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    San Mateo, CA 94401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Grand Blvd San Mateo, CA 94401
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