Welcome to this Value-Added opportunity for savvy buyer in prime San Carlos, the City of Good Living for both end-users and investors! This large 4 BR/3 full BA + Bonus Room & Recreation Room single family home is full of natural light & full of potential, while beckoning to be restored to perfection. This elevated rancher is comprised of 3,080 SF on a 6,400 SF lot with a wonderful & flexible floorplan for multigenerational living. Formal rooms include a lovely living room with captivating views of the beautiful hills & an adjacent dining room & backyard access. Eat-in kitchen is nearby. All generously sized four bedrooms are located on the same level, feature hardwood flrs & two of them have en-suite baths. On the lower level is a 2 car-attached garage, a huge family/recreation room, storage/wine cellar, laundry room with a separate entrance + a spacious Bonus Room which can be converted to a 5th bedroom. Another possibility would be to convert all or part of the downstairs space into a spacious ADU for extended family or as a rental. Central A/C is a big plus. Private & useable terraced backyard with patio is perfect for relaxation, playing and entertaining. Top rated schools, parks, and a vibrant downtown are nearby, as are commute corridors to Silicon Valley & San Francisco.