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San Carlos, CA

$1,400,000

987 Laurel Street, San Carlos, CA
0
Baths
1,185
Sq Ft
1946
Built
238
Days listed

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.

Facts & features

Interior
Bathrooms
0
Living area
1,185 sq ft
Flooring
Laminate
Cooling
Central Air
Exterior & lot
Lot size
0.069 acres (3,000 sq ft)
View
None
Architectural style
Contemporary
Year built
1946
Parking
Uncovered
Parking spaces
3
Community
Area
699 - Not Defined
County
San Mateo
Listing details
Status
Active
Property type
Duplex
Days on market
238
Listed
2025-11-16
Original price
$2,000,000
Parcel #
051358020
MLS #
ML82027747
Listed by
Alexander Kent · Compass

Location

Price history

Listed
$2,000,000 · 2025-11-16
Price reduced
$1,400,000 (−$600,000)
Days on market
238
Current price
$1,400,000
Financing

Could this home be yours?

Estimated monthly payment
$8,782
$7,079 principal & interest · $1,703 taxes & insurance
$280,000
Estimate only
Loan $1,120,000

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Estimated value range nearby
$1,274,611$1,496,283

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Listing data provided by CRMLS

Listing courtesy of Compass. © 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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