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987 Laurel Street, 
San Carlos, CA 94070

$1,800,000


Bed


Bath


1,185

Sq Ft


Multi-Family

Active

Listed by

Alexander Kent

Compass

alex.kent@symphonic-inv.com

Last updated:

January 16, 2026, 06:48 AM

MLS#

ML82027747

Source:

CA BRIDGEMLS

About This Home

987 Laurel Street

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.

Home Facts

Multi-Family

Built in 1946

Price Summary

1,800,000

$1,518 per Sq. Ft.

MLS #:

ML82027747

Last Updated:

January 16, 2026, 06:48 AM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

1,185 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

1,185 Sq. Ft.

Year Built:

1946


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$1,518 per Sq. Ft.

Source:CA BRIDGEMLS
The information being provided by BRIDGEMLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 BRIDGEMLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.