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San Carlos, CA

$3,495,000

1257 Magnolia Avenue, San Carlos, CA
4
Beds
4
Baths
3,210
Sq Ft
1937
Built
22
Days listed

About this home

Prime San Carlos location! Spacious 4-bedroom, 3.5-bath home with approximately 3,210 sq. ft. of living space on a 9,344 sq. ft. lot. Features include a gourmet kitchen with center island, granite countertops, and stainless-steel appliances; living room with fireplace; sunroom overlooking the pool; and family room with built-in cabinetry. A flexible ground-floor suite offers potential as a junior ADU. Upstairs are two generous bedrooms plus a primary suite with fireplace, jetted tub, double vanity, and walk-in shower. The park-like yard includes an in-ground pool, and the two-car garage with attached room may offer additional ADU potential. INVESTMENT POTENTIAL: Exceptional development opportunity! Included are fully approved, permit-ready plans for nine condominium units. Additional upside may exist to increase the project to as many as 16 units under current zoning and recent state housing laws. Prime transit-oriented location eliminates parking requirements. Extensive due diligence has been completed, including soils reports, surveys, and other key pre-development work. Close to shopping, dining, transportation, and vibrant downtown San Carlos.

Facts & features

Interior
Bedrooms
4
Bathrooms
3 full, 1 half
Living area
3,210 sq ft
Interior features
Walk In Closets
Appliances
Dishwasher, Disposal, Refrigerator, Range Hood, Washer
Flooring
Tile, Wood
Fireplace
Living Room
Heating
Forced Air
Cooling
Central Air
Spa
In Ground
Exterior & lot
Lot size
0.215 acres (9,344 sq ft)
Pool
In Ground
Year built
1937
Parking spaces
2
Community
Area
699 - Not Defined
County
San Mateo
Listing details
Status
Active
Property type
Single Family Residence
Days on market
22
Listed
2026-05-19
Parcel #
050071020
MLS #
ML82047658
Listed by
Gregory Garcia · Sequoia Realty Services

Location

Price history

Listed
$3,495,000 · 2026-05-19
Days on market
22
Current price
$3,495,000
Financing

Could this home be yours?

Estimated monthly payment
$21,925
$17,673 principal & interest · $4,252 taxes & insurance
$699,000
Estimate only
Loan $2,796,000

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Estimated value range nearby
$5,896,221$6,921,651

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Listing data provided by CRMLS

Listing courtesy of Sequoia Realty Services. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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