987 Laurel St San Carlos, CA 94070
Howard Park NeighborhoodEstimated payment $8,180/month
Highlights
- Contemporary Architecture
- Shed
- 1-Story Property
- Arroyo 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
Year Built
- 1946
Home Design
- Duplex
- Contemporary Architecture
- Slab Foundation
- Tar and Gravel Roof
Interior Spaces
- 1,185 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
- Insurance Expense $4,000
- Maintenance Expense $500
- Operating Expense $25,196
- Gross Income $119,021
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $5,916 | $105,760 | $23,970 | $81,790 |
| 2024 | $5,533 | $91,730 | $22,350 | $69,380 |
| 2023 | $5,533 | $83,280 | $20,290 | $62,990 |
| 2022 | $5,110 | $76,680 | $18,680 | $58,000 |
| 2021 | $4,735 | $72,870 | $17,750 | $55,120 |
| 2020 | $4,732 | $70,990 | $17,290 | $53,700 |
| 2019 | $4,659 | $69,530 | $16,930 | $52,600 |
| 2018 | $4,989 | $64,420 | $15,680 | $48,740 |
| 2017 | $4,836 | $63,070 | $15,350 | $47,720 |
| 2016 | $4,338 | $63,070 | $15,350 | $47,720 |
| 2015 | $3,677 | $60,980 | $14,840 | $46,140 |
| 2014 | $3,677 | $60,980 | $14,840 | $46,140 |
| 2013 | $3,677 | $60,980 | $14,840 | $46,140 |
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 |
|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $1,400,000 | 0.0% | $1,181 / Sq Ft |
| 08/01/2026 08/01/26 | Off Market | $1,400,000 | -- | -- |
| 06/23/2026 06/23/26 | Price Changed | $1,400,000 | -15.2% | $1,181 / Sq Ft |
| 06/12/2026 06/12/26 | Price Changed | $1,650,000 | -10.8% | $1,392 / Sq Ft |
| 05/16/2026 05/16/26 | Price Changed | $1,850,000 | +2.8% | $1,561 / Sq Ft |
| 12/21/2025 12/21/25 | Price Changed | $1,800,000 | -2.7% | $1,519 / Sq Ft |
| 11/26/2025 11/26/25 | Price Changed | $1,850,000 | -7.5% | $1,561 / Sq Ft |
| 11/16/2025 11/16/25 | For Sale | $2,000,000 | -- | $1,688 / Sq Ft |
Source: MLSListings
MLS Number: ML82027747
APN: 051-358-020
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