1191 Laurel St, San Carlos, CA 94070-5008
This exceptional mixed-use property in downtown San Carlos, CA, presents a unique owner-user or investment opportunity. The 1,700 square foot building, constructed in 1950, sits on a 1,016 square foot lot (APN 051-344-040) and is zoned MU SB 100. The property features a stylish retail showroom on the ground floor, currently operating on a month-to-month lease, offering flexibility for future plans. Above the retail space is a remodeled, spacious two-bedroom, one-bathroom apartment with abundant natural light from skylights and large windows. The apartment includes central heating and air conditioning, in-unit laundry, and a fully equipped kitchen with a dishwasher. Additional storage is available on the first floor. The apartment is currently vacant. The asking price is $1,300,000, resulting in a price per square foot of $764.71. This prime Laurel Street location is within walking distance of shopping, dining, and entertainment, offering easy access to Silicon Valley and the San Francisco Bay Area. The property is currently 50% occupied. This is a rare opportunity to own a mixed-use property in a highly desirable San Carlos location.
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GRAND TILE AND CABINET Hardware & Home Improvement Furniture & Home Goods
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Grand Tile & Cabinet Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.