1761 Laurel St San Carlos, CA 94070
El Sereno Corte NeighborhoodEstimated payment $10,010/month
Highlights
- Tudor Architecture
- 5 Car Attached Garage
- Forced Air Heating and Cooling System
- White Oaks Elementary School Rated A
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- 1978
Parking
- 5 Car Attached Garage
Home Design
- Duplex
- Tudor Architecture
- Tar and Gravel Roof
Interior Spaces
- 2,900 Sq Ft Home
- 2-Story Property
Additional Features
- 5,001 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
Community Details
Overview
Building Details
- 1 Leased Unit
- Insurance Expense $4,000
- Maintenance Expense $3,600
- Operating Expense $17,448
- Gross Income $114,156
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,752 | $742,475 | $319,342 | $423,133 |
| 2023 | $9,752 | $713,646 | $306,943 | $406,703 |
| 2022 | $9,195 | $699,654 | $300,925 | $398,729 |
| 2021 | $9,064 | $685,936 | $295,025 | $390,911 |
| 2020 | $8,961 | $678,903 | $292,000 | $386,903 |
| 2019 | $8,772 | $665,592 | $286,275 | $379,317 |
| 2018 | $8,544 | $652,542 | $280,662 | $371,880 |
| 2017 | $8,431 | $639,748 | $275,159 | $364,589 |
| 2016 | $8,251 | $627,205 | $269,764 | $357,441 |
| 2015 | $8,224 | $617,784 | $265,712 | $352,072 |
| 2014 | $7,963 | $605,684 | $260,508 | $345,176 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2025 12/21/25 | Price Changed | $1,750,000 | -2.8% | $603 / Sq Ft |
| 11/26/2025 11/26/25 | Price Changed | $1,800,000 | -5.3% | $621 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $1,900,000 | -- | $655 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $465,000 | First American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $428,236 | Commercial |
Source: MLSListings
MLS Number: ML82027813
APN: 051-375-210
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