Trophy-asset opportunity to acquire a five-unit mixed-use asset in the heart of downtown San Carlos. The property consists of four large 2BD/2BA residential units and a ~450 SF ground-floor retail space that can be delivered vacant at close, providing immediate lease-up flexibility along Laurel Street.

This is a true value-add play with multiple paths to NOI growth, including residential rent upside, retail repositioning, and approved plans to add a top-floor penthouse unit. Well-maintained 2003 construction with in-unit laundry, private balconies, and covered parking.

Ideal for a 1031 exchange buyer seeking a high-quality Peninsula location with long-term upside.

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