$4,200,000
$700K PRICE DROP

Estimated payment $27,329/month

Total Views 7,622
8 Beds
8 Baths
5,554 Sq Ft
$756 Price per Sq Ft

About This Home

Rare opportunity to acquire a 5-unit mixed-use building in the heart of Downtown San Carlos. 577 Laurel Street combines four (4) large 2 bedroom/2 bathroom residential units with a ground-floor commercial unit on one of the Peninsula's most coveted retail corridors, steps from Caltrain, Highway 101, and the Laurel Street dining and shopping district. Well-suited for 1031 exchange buyers seeking trophy Peninsula real estate with low maintenance, family offices building generational holds, value-add operators, or owner-users looking to occupy the commercial space and offset debt with residential income (SBA 504 financing eligible). Downtown San Carlos features outstanding Walk Score, top-rated schools, and a thriving commercial corridor.

Listing Agent

Marco Barretto

Compass License #DRE #02078316 Listed on: 05/14/2026

Compass

Co-Listing Agent

Mark Chow

Compass License #01347820

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Parking

  • Covered Parking

Interior Spaces

  • 5,554 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Additional Features

  • 3,900 Sq Ft Lot
  • Central Heating

Community Details

  • 5 Units
  • 5 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

3,900 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Year Built: 2003
  • Property Sub Type: Commercial
  • Co List Office Mls Id: COMP96
  • Co List Office Mls Id: COMP96
  • Living Area: 5554
  • PictureCountPublic: 1
  • BridgeModificationTimestamp: 2026-08-03T23:30:31.822Z
  • Special Features: None
  • Stories: 0

Interior Features

  • Laundry Features: In Unit
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Total Bedrooms: 20

Garage/Parking

  • Parking Features: Covered

Utilities

  • Electric: Separate Meter
  • Heating: Central
  • Utilities: Common Area Meter, Separate Meters (See Remarks)
  • Heating Yn: Yes

Lot Info

  • Lot Features: None
  • Lot Size Acres: 0.0895
  • Lot Size Sq Ft: 3900
  • Lot Size Units: Square Feet
  • Zoning: MU-DC-100
  • Irrigation Water Rights: No

Green Features

Rental Info

  • Tenant Pays: Cable TV, Electricity, Rent Only
  • Existing Lease Type: Net
  • Units Furnished: All Units
  • Total Actual Rent: 15800

Building Info

  • Number of Units Total: 5

Tax Info

  • Tax Tract: 0.00

Multi Family

  • Number Of Units Leased: 5

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2026 08/03/26 For Sale $4,200,000 0.0% $756 / Sq Ft
07/31/2026 07/31/26 Off Market $4,200,000 -- --
06/30/2026 06/30/26 Price Changed $4,200,000 -14.3% $756 / Sq Ft
05/14/2026 05/14/26 For Sale $4,900,000 -- $882 / Sq Ft
Source: San Francisco Association of REALTORS®

Source: San Francisco Association of REALTORS®

MLS Number: 426131192

San Francisco Association of REALTORS®

APN: 050-074-170

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