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977 Laurel St, San Carlos, CA 94070
$2,550,000
977 Laurel St, San Carlos, CA 94070View this property at 977 Laurel St, San Carlos, CA 94070
977 Laurel StSan CarlosCA94070
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Property Description
The property is currently a 7unit apartment building. All of the units are currently vacant and the property has been boarded up. The current owners have received full approval from the city to construct 8 res units and one retail unit on this 6000 SqFt lot. The owner has paid for bldg permits and all city fees. The project is shovel ready and could begin as early and 45 days. The approved project consists of 1960 SqFt retail on the ground floor with an est market rent of $4.50 SqFt. Parking in the rear of the bldg for 10 cars, with 9 stalls and 1 lift. The buyer will find 4, 1 bed 1 bath units, 1 of which is 522 SqFt is a VBMR unit. Rent is set currently at $1153 per month. The remaining 3, 1 bed units range in size from 574-820 Sq Ft and market rent ranges from $3,295-$3,500. There are 3 large 2 bed 2 bath units that are approx 1200 SqFt each with an anticipated market rent of $4700. The 2134 SqFt 3 bed, 3bath penthouse will rent for $5,995 and includes some amazing outdoor space.
Full Property Details
Full Property Details for 977 Laurel St
General
- Sold For: $2,550,000
- Status: Closed
- Type: Lots/Land
- MLS ID: ML81630008
- Added to Site: 2, 708 day(s) ago
Additional Information
- Extras: Not Applicable
Location
- Area: Howard Park Etc.
- County: San Mateo
- Cross Streets: Arroyo
Utilities
- Sewer: Public Sewer, Sewer Available at Site, Sewer Connected
- Water: Water on Site
- Utility Description: Electricity on Site, Gas (On Site), Public Utilities
Lot Features
- Property View: Downtown
- Lot Size (Acres): 0.138
- Minimum Lot Size: 6000
- Lot Size (Sq. Ft.): 6,000
- Development Status: Approved Building Plan, Building Permits Issued, Have Building Plans
- Present Use: Multifamily
- Zoning: R
- Lot Description: Level
- Fencing (Description): None
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Schools
Schools serving 977 Laurel St
School Districts:San Carlos Elementary School District, Sequoia Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
757 Cedar St, San Carlos, CA 94070 | PK-8 | 0.3 mi | |
Arroyo Upper Elementary
1710 Arroyo Avenue, San Carlos, CA 94070 | 4-5 | 0.3 mi | |
2000 Belle Ave, San Carlos, CA 94070 | K-4 | 0.7 mi | |
1201 Brewster Ave, Redwood City, CA 94062 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 977 Laurel St
Date
Details
Price
Change
Source
1/18/2017
Sold
$2,550,000
4.08%
MLS
10/27/2016
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
977 Laurel St, San Carlos, CA 94070 (MLS# ML81630008) is a Lots/Land property that was sold at $2,550,000 on January 18, 2017. Want to learn more about 977 Laurel St? Do you have questions about finding other Lots/Land real estate for sale in San Carlos? You can browse all San Carlos real estate or contact a Coldwell Banker agent to request more information.