987 Laurel St

San Carlos, CA 94070

$1,850,000
Price
—
Beds
—
Baths
1,185 Sq. Ft.
$1,561 / Sq. Ft.
1,185
Sq. Ft.
$1,561
per Sq. Ft.
Listed By Compass
Listed By Compass
a view of a building with a street
a view of a building with a street
view of washer and dryer
a view of city
a living room with furniture and a potted plant
a bedroom with furniture and a window
a view of a storage room with a lot of stuff
a view of a workspace

Description

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:...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.

Listing Agent

  1. Alexander Kent

    Alexander Kent

    Listing Agent

    Compass

    DRE #01718732

    CallTextEmail

Property Details for 987 Laurel Street

MLS City Name
SAN CARLOS
Building Type
DUPLEX
Style
Contemporary
Garage Spaces
0
Parking Spaces
3
View
None
Cross Street
Morse Blvd
LISTING UPDATED: 12/08/2025 04:56 PM

Property Details for 987 Laurel Street

StatusActive
MLS #ML82027747
Days on Compass29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1946
Lot Size0.07 AC / 3,000 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Alexander Kent, DRE #01718732
Add your commute

Building Information for 987 Laurel Street

Stories1Residences2Year Built1946Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$10,866 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,142

Property Taxes

$1,724

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 987 Laurel Street

Features
Features
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 1185
  • Pool: No
  • Security Features: Security Alarm, Window Bars
  • Special Features: Grab Bars
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air - Gas
  • Meters: Master Electric, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Natural Gas, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Howard Park Etc.
  • Roof: Tar and Gravel
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 987
  • Street Name: Laurel
  • Street Suffix: Street
  • Area ID: 353
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 1185
  • Structure SqFt Source: Other
  • Age: 79
Development Information
  • Construction Type: Concrete Block
  • Ownership Type: Corporation
  • Zoning Detail: MU-N-50: retail, office, resid. dev.
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 051-358-020
  • County Name: San Mateo
  • City Name: SAN CARLOS
  • City Postal ID: 56
  • Postal Code: 94070
  • Elementary School District: 937
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .07
  • Lot Description: Other
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Storage Shed / Structure
Multi Family Information
Building Information
  • No Of Leased: 1
General Information
  • Annual Tax Amount: $0
  • Building Unit Total: 2
  • Capitalization Rate: 4.98
  • Tenant Expenses: All Expenses
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Insurance, Other
  • Gross Rent Multiplier: 20.09
  • Income Annual Gross: $92,098
  • Income Annual Rental: $92,098
  • Income Gross Scheduled: $92,098
  • Income Other: $0
Unit 2 Information
  • Unit 2 Approx Square Footage: 650
Unit Type 1
  • Unit Type1 Approx SqFt: 600

Property History for 987 Laurel Street

DateEvent & SourcePriceAppreciation
Nov 26, 2025

Price Change

EBRD #ML82027747

$1,850,000—
Nov 26, 2025

Price Change

MLSListings #ML82027747

$1,850,000—
Nov 16, 2025

Listed (Active)

MLSListings #ML82027747

$2,000,000—
Nov 16, 2025

Listed (Active)

EBRD #ML82027747

$2,000,000—
Sep 21, 2020

Sold (Public Record)

Public Record #680955355

$1,600,000—
DateEvent & SourcePrice
11/26/2025

Price Change

EBRD #ML82027747

$1,850,000
11/26/2025

Price Change

MLSListings #ML82027747

$1,850,000
11/16/2025

Listed (Active)

MLSListings #ML82027747

$2,000,000
11/16/2025

Listed (Active)

EBRD #ML82027747

$2,000,000
09/21/2020

Sold (Public Record)

Public Record #680955355

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 987 Laurel Street

Taxable ValueLand$1,217,736Additions$514,154Total$1,731,890
Tax Record2024$20,689 ($1,724 / month)
Home Facts
Total Finished SqFt1,250 SqFtAbove Grade Finished SqFt1,250 SqFtStories1Lot Size3,000 SqFtStyleOffice BuildingYear Built1946Year Renovated2000CountySAN MATEOAPN051-358-020

Schools near 987 Laurel Street

This home is within San Carlos Elementary School District.
Rating
School
Type
Grades
Distance
Brittan Acres Elementary School
Public - K to 3
Central Middle School
Public - 6 to 8
Sequoia High School
Public - 9 to 12
Arroyo School
Public - 4 to 5
Rating
School
Distance
Brittan Acres Elementary School
PublicK to 3

Central Middle School
Public6 to 8

Sequoia High School
Public9 to 12

Arroyo School
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 987 Laurel Street, San Carlos, CA 94070

987 Laurel Street is a multi-family home for sale in San Carlos, CA 94070. This property was listed for sale on November 16, 2025 by Compass, it's currently listed at $1,850,000. It has been on the market for a total of 29 days and was last sold on September 21, 2020. This listing's school districts are San Carlos Elementary School District, Sequoia Union High School District. Nearby schools include Brittan Acres Elementary School, Central Middle School and Sequoia High School. 987 Laurel Street is a 0-bed, 0-bath, 1,185 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Alexander Kent, DRE #01718732

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.