1257 Magnolia Avenue

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.

Days on Market

0 days

Current Status

Active

Original Price

$3,495,000

List Price

$3,495,000

On Market Date

May 19, 2026

Property Type

Single Family Home

Area

355 - Cordes Etc.

Zip Code

94070

MLS ID

ML82047658

APN

050-071-020

Year Built

1937

Stories in Building

2

Possession

Unavailable

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

4

Bath

4 (3/1)

Double Sinks, Half on Ground Floor, Primary - Tub with Jets, Shower and Tub, Stall Shower - 2+, Updated Bath

Parking

2

Detached Garage

SQ FT

3,210

SQ FT Source

Unavailable

Lot SQ FT

9,344.0

Lot Acres

0.214509 Acres

Pool Info

Pool - In Ground

Kitchen

Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Island, Refrigerator

Cooling

Central AC

Dining Room

Eat in Kitchen

Disclosures

Flood Zone - See Report, Lead Base Disclosure

Family Room

Separate Family Room

Flooring

Hardwood, Tile

Foundation

Concrete Slab, Crawl Space

Fire Place

Living Room, Primary Bedroom

Heating

Forced Air, Gas

Laundry

Inside, Washer, Washer / Dryer

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.