$3,495,000
1257 Magnolia Avenue, San Carlos, CA 94070
89% above the San Carlos median of $1.9M (25 active listings)
32% of San Carlos listings have cut their price · half have been listed 52+ days
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.
Property details
- Property type
- Single Family
- Year built
- 1937
- Listed
- 72 days ago
- MLS #
- 82047658
- Listed by
- Gregory Garcia · Sequoia Realty Services
Questions about 1257 Magnolia Avenue?
Talk to a GoReal advisor. Not a chatbot — a real person who knows this neighborhood.
Location
Approximate location based on the listing address.
