1761 Laurel Street
San Carlos, CA, 94070 $ 1,800,000
Baths0.0 Sq 2,900 Monthly Estimate*
$ 11,230
Studio for $1,800,000. This 2,900 square foot home was built in 1978 on a lot size of 0.1148.
Office Building with Multi-Family Residential+ Zoning. For Lease, Sale or JV. Permitted: Office Business Professional, Medical Dental Office, General Personal Service, Multi-Unit Residential, Family Child Care, Day Care, Adult Day Care, Trade School, Community Assembly, Church, Instructional, Private School w CUP, Grooming or Pet Store, Veterinary w CUP, Restaurant, Bar w CUP, Hotel, Convenience or Grocery, Retail. MU-SB-100: Mixed-Use South Boulevard: Could go 60 ft or 5 stories with existing zoning codes, new state laws could potentially go higher depending on transit assessment. Building is 49 ft wide and 57 ft deep. There is an existing tenant, who has a right of first refusal on a sale, but has stated that they don't intend to exercise it, and an option to extend the lease 2 years past their 3/31/26 expiration, which they've stated they intend to exercise. For buyers, investors that want a leased investment, or a mixed use or residential development opportunity, with in place lease income, this is a positive scenario. As-Is sale. New roof. Current office layout interior has many private offices, conference rooms that could be used as into bedrooms. Buyer to inspect as desired.
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FeaturesGeneralLiving Area 2900
Sewer Public Sewer
Cooling Central Air
Roof Tar/Gravel
Appliances Refrigerator
Zoning MU-SB-100
Garage Spaces 5
Architectural Style Tudor
Year Built 1978
Property Subtype Duplex
Accessibility Other
County San Mateo
Insurance Expense 4000
Property Type Residential Income
HOA false
MaintenanceExpense 3600
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Street: St. Francis
City San Carlos
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 5000
Carport Spaces 0
Tax Annual Amount 9848
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Other
Property Sub Type Additional Duplex
Cap Rate 5.37
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Public
Total Parking 4
Lot Size Area 5000
Number of Buildings 1
Building Area Total 2900
Lot Size Acres 0.1148
Lot Size Source Assessor
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* Excluded FeaturesList Byalex.kent@symphonic-inv.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,230
- Monthly Property Taxes
- $821
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Carlos, CA
Average List Price $1,816,667
Percent of Sale Price 1%
About San Carlos, CA 28,974 Population
5% Since 2002
$ 139,990 Median Income
45.87 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/26/2025 | $1,800,000 | -7.69% | Price Down |
| 11/20/2025 | $1,950,000 | | Listed Price |