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987 Laurel Street

San Carlos, CA 94070
  • $1,850,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: ML82027747
UPDATED: 74 min ago
$1,850,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,185
    SQFT
  • $1,561
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Ratings & Info

School District:
Listing Agent(s): Alexander Kent of Compass ((415) 660-9955)


Description

This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-15T20:29:03.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/170001944
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987 Laurel Street San Carlos, CA 94070

  • Price: $1,850,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 74 min ago
  • ID#: ML82027747
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1,185
SQFT
$1,561
$/SQFT
1946
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
Property Description
This is a medical office building that is leased to a major Vet chain through 12/31/2026. They are not renewing because they are consolidating to another much larger location. This building offers a broad array of permissible uses including residential. The Regional Housing Needs Assessment puts this land at 2 residential units. However, if redeveloped with an architect and the city with both city and new state pro-housing laws, a buyer could potentially get several stories and many units, TBD. Zoning: MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre. Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.
Exterior Features

Architectural Style Contemporary Carport Spaces 0 Foundation Details Slab Parking Features Uncovered Parking Total 3 Roof Tar/Gravel View None View YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Flooring Laminate Heating YN Yes

Property Features

Association YN No Cap Rate 4.98 Garage YN No Gross Scheduled Income 92098 Insurance Expense 0 Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 0 Other Expense 0 Property Sub Type Duplex Security Features Window Bars Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 0 Trash Expense 0 Utilities Natural Gas Available Water Source Public Zoning MU-N-50: retailoffice



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-15T20:29:03.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Alexander Kent of Compass ((415) 660-9955)