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Multifamily

1017 El Camino Real

1017 El Camino Real, Burlingame, CA 94010

Listing Price: $3,895,000

Cap Rate
4.00%
Occupancy
97.0%

Investment Overview

1017 El Camino Real is a captivating 7-unit apartment building located along the Broadway Business District and is less than a mile from downtown Burlingame, California. Situated on a 6,250 square foot lot (per county accessor) the subject property boasts 9,579 square feet (per county accessor) of gross living space and offers its tenants massive one- and two-bedroom floor plans. The unit mix includes six (6) 2 Bedroom/ 1 Bathroom units and one (1) 1 Bedroom/ 1 Bathroom unit. Four of the seven units offer private balconies. Interior renovations include new paint, new carpets, tasteful crown moldings, updated granite counter tops along with new cabinets for the kitchens, updated bathrooms, and dual-pane windows for a quiet cozy feel. Tenants benefit from assigned tuck under, and garage parking. 1017 El Camino Real offers tenants close proximity to both Downtown Burlingame (0.9 mi) and is walking distance to the Broadway Business District. Both districts house a variety of shops and boutiques, restaurants, cafes, and many entertainment options. Burlingame is located on the San Francisco Peninsula and has a significant shoreline on the San Francisco Bay. The city is named after diplomat Anson Burlingame and is known for its numerous eucalyptus groves, high quality of life, walkable downtown area, and excellent public school system. 1017 El Camino Real offers close proximity to many of the nation’s apex employers including Google, Visa, Stanford, Meta, Sony and many more via favorable distance to U.S. Route 101, Interstate 280, and the San-Mateo Hayward Bridge. The investment appeal of this asset is driven by Burlingame’s strong employment fundamentals and low vacancy levels. With a world class location in the San Francisco Peninsula 1017 El Camino Real presents an attractive choice for tenants due to close proximity to transportation corridors, BART, shopping, dining, and entertainment options.

Investment Highlights

  • Massive Two Bedroom and One Bedroom Floor Plans
  • Units Offer Wall to Wall Walk In Closets
  • Top Floor Unit Has Been Completely Renovated
  • Rare Opportunity to Purchase Pride of Ownership Apartment Building Adjacent to Downtown Burlingame and Broadway Business District Home to Many Popular Restaurants, Retail, and Entertainment Options

Exclusively Listed By

Multifamily

1017 El Camino Real

Listing Price: $3,895,000

Cap Rate
4.00%
Occupancy
97.0%

Investment Highlights

  • Massive Two Bedroom and One Bedroom Floor Plans
  • Units Offer Wall to Wall Walk In Closets
  • Top Floor Unit Has Been Completely Renovated
  • Rare Opportunity to Purchase Pride of Ownership Apartment Building Adjacent to Downtown Burlingame and Broadway Business District Home to Many Popular Restaurants, Retail, and Entertainment Options

Investment Overview

1017 El Camino Real is a captivating 7-unit apartment building located along the Broadway Business District and is less than a mile from downtown Burlingame, California. Situated on a 6,250 square foot lot (per county accessor) the subject property boasts 9,579 square feet (per county accessor) of gross living space and offers its tenants massive one- and two-bedroom floor plans. The unit mix includes six (6) 2 Bedroom/ 1 Bathroom units and one (1) 1 Bedroom/ 1 Bathroom unit. Four of the seven units offer private balconies. Interior renovations include new paint, new carpets, tasteful crown moldings, updated granite counter tops along with new cabinets for the kitchens, updated bathrooms, and dual-pane windows for a quiet cozy feel. Tenants benefit from assigned tuck under, and garage parking. 1017 El Camino Real offers tenants close proximity to both Downtown Burlingame (0.9 mi) and is walking distance to the Broadway Business District. Both districts house a variety of shops and boutiques, restaurants, cafes, and many entertainment options. Burlingame is located on the San Francisco Peninsula and has a significant shoreline on the San Francisco Bay. The city is named after diplomat Anson Burlingame and is known for its numerous eucalyptus groves, high quality of life, walkable downtown area, and excellent public school system. 1017 El Camino Real offers close proximity to many of the nation’s apex employers including Google, Visa, Stanford, Meta, Sony and many more via favorable distance to U.S. Route 101, Interstate 280, and the San-Mateo Hayward Bridge. The investment appeal of this asset is driven by Burlingame’s strong employment fundamentals and low vacancy levels. With a world class location in the San Francisco Peninsula 1017 El Camino Real presents an attractive choice for tenants due to close proximity to transportation corridors, BART, shopping, dining, and entertainment options.

Exclusively Listed By

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