987 Laurel St San Carlos, CA 94070
Howard Park NeighborhoodEstimated payment $12,265/month
Highlights
- Contemporary Architecture
- Shed
- 1-Story Property
- Brittan Acres Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,689
Year Built
- 1946
Home Design
- Duplex
- Contemporary Architecture
- Slab Foundation
- Tar and Gravel Roof
Interior Spaces
- 1,250 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Home Security
- Window Bars
- Alarm System
Parking
- 3 Parking Spaces
- Uncovered Parking
Additional Features
- Shed
- 3,001 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
Community Details
Overview
Building Details
- 1 Leased Unit
- Gross Income $92,098
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 | $20,689 | $1,731,890 | $1,217,736 | $514,154 |
| 2023 | $20,689 | $1,664,640 | $1,170,450 | $494,190 |
| 2022 | $19,431 | $1,632,000 | $1,147,500 | $484,500 |
| 2021 | $19,186 | $1,600,000 | $1,125,000 | $475,000 |
| 2020 | $7,250 | $526,997 | $316,201 | $210,796 |
| 2019 | $7,074 | $516,664 | $310,001 | $206,663 |
| 2018 | $6,888 | $506,534 | $303,923 | $202,611 |
| 2017 | $6,791 | $496,603 | $297,964 | $198,639 |
| 2016 | $6,640 | $486,867 | $292,122 | $194,745 |
| 2015 | $6,619 | $479,555 | $287,735 | $191,820 |
| 2014 | $6,387 | $470,162 | $282,099 | $188,063 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/16/2025 11/16/25 | For Sale | $2,000,000 | -- | $1,600 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Individual Deed | $375,000 | North American Title Co | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Individual Deed | $215,000 | North American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Commercial | |
| Previous Owner | $180,000 | Commercial |
Source: MLSListings
MLS Number: ML82027747
APN: 051-358-020
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