Is 315 Grand Blvd a Top Value-Add Investment in San Mateo?
315 Grand Blvd in San Mateo presented a unique value-add opportunity in one of the Bay Area's most sought-after submarkets. Despite the property being unfinanceable with conventional lenders due to its current condition, we procured three offers quickly because buyers saw the potential to add ADUs and reposition the building. Key Highlights: 🔸Off-Market Transaction 🔸Value-add opportunity with income upside 🔸Unit Mix: three studios and one 2-bedroom unit 🔸7,500 sq. ft. lot with 2,410 sq. ft. building 🔸Prime location near Downtown Burlingame and San Mateo 🔸Vacant studio cottage and two-bedroom apartment ready for renovation to achieve market rents 🔸Significant ADU potential For more information on this listing: Hannajohn.azar@compass.com 415.875.0177 #realestate #multifamilyinvesting #investmentopportunity #sfbayarea #investmentproperty #commercialrealestate #incomeproperties #compasscommercial #multifamilyinvestments #Sanmateocounty
October 8, 2026