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1176 Laurel Street — San Carlos — 2,080 Sq Ft | Belmont Brokerage

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$2,800,000

$1,346/ft²

2,080 sqft|4,900 sqft lot|1955 Built|0 DOM

1176 Laurel St, San Carlos, CA 94070

Property Description

Prime mixed-use opportunity in the heart of San Carlos, ideally positioned along Laurel Street and El Camino Real. The entire building will be delivered vacant, offering an owner-user or investor the flexibility to occupy, lease, or reposition the property. Situated on a 4,905-square-foot lot, the approximately 2,080-square-foot building features a remodeled ground-floor one-bedroom/one-bathroom residential unit, along with a vacant retail hair salon space. The second floor offers a spacious two-bedroom/one-bathroom residence that has been fully remodeled with high-end finishes. Additional features include convenient rear parking and a private patio serving the upstairs residence. Located in San Carlos, known as The City of Good Living, the property benefits from the citys desirable Peninsula location, excellent climate, strong residential appeal, and vibrant downtown. Residents and tenants enjoy easy access to Downtown San Carlos, with an array of restaurants, cafes, shopping, and entertainment options within walking distance. With its flexible mixed-use configuration, vacant delivery, remodeled interiors, parking, and highly desirable location, 1176 Laurel St presents a compelling opportunity in one of the Peninsulas most sought-after communities.

Listing provided by: Cole SimpsonDRE #02016525(650) 391-1700 cole.simpson@marcusmillichap.com, Marcus & Millichap

MLS #: ML82058587

FLIP & EXPANSION SIMULATORJACKPOT FLIP

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$711K

+62.0% ROI

Rehab + Add$381K

Est. ARV$4097K

Est. Profit+$711K

Proj. ROI62%

Sqft to Add (Expansion / ADU)+500 sqft (2,580 total sf)

Remodel Rate (Existing Space)$140/sqft ($291K total)