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Closed
- Listed price
- $2,450,000
- Listed Oct 27, 2016
- Sold price
- $2,550,000
- Sold Jan 18, 2017
6,000 sqft lot00|33 MLS days on market
977 Laurel St, San Carlos, CA 94070
Property Description
The property is currently a 7unit apartment building. All of the units are currently vacant and the property has been boarded up. The current owners have received full approval from the city to construct 8 res units and one retail unit on this 6000 SqFt lot. The owner has paid for bldg permits and all city fees. The project is shovel ready and could begin as early and 45 days. The approved project consists of 1960 SqFt retail on the ground floor with an est market rent of $4.50 SqFt. Parking in the rear of the bldg for 10 cars, with 9 stalls and 1 lift. The buyer will find 4, 1 bed 1 bath units, 1 of which is 522 SqFt is a VBMR unit. Rent is set currently at $1153 per month. The remaining 3, 1 bed units range in size from 574-820 Sq Ft and market rent ranges from $3,295-$3,500. There are 3 large 2 bed 2 bath units that are approx 1200 SqFt each with an anticipated market rent of $4700. The 2134 SqFt 3 bed, 3bath penthouse will rent for $5,995 and includes some amazing outdoor space.
Listing agent: Scott KilpatrickDRE #01271912skilpatrick@aranewmark.com, Listing office: Newmark Cornish & Carey
MLS data updated 10/31/2026, 12:37:20 AM PT
Source: CRMLSMLS #: ML81630008
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,550,000
Jan 18, 2017
Available records22016–2017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 94070 · Oct 2026
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ZIP 94070 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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