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Multifamily

1416 Floribunda Ave

1416 Floribunda Ave, Burlingame, CA 94010

Listing Price: $5,100,000

Cap Rate
3.48%
GRM
17.63
Occupancy
97.0%
Price/Gross SF
$611.22
Gross SF
8,344

Investment Overview

Marcus & Millichap is pleased to present 1416 Floribunda Avenue, a trophy apartment complex situated in a prime Burlingame location a few steps away from Burlingame Avenue. The property is exceptionally well maintained, offering an investor a turn-key apartment complex in central Burlingame. The property sits on a 10,584 SF lot (.24-acres) offering (8) one-bedroom units and (1) two-bedroom unit with spacious floorplans and interior upgrades. Its proximity to major employment centers like Silicon Valley and San Francisco will continue to attract professionals seeking convenience and accessibility. Commuters will benefit from being located less than a ½-mile from Burlingame Caltrain Station.

The property is exceptionally well-located steps away from Burlingame Avenue offering upscale dining, shopping, and entertainment options against the backdrop of tree-lined streets and historic architecture. The unique location, paired with a trophy asset such as 1416 Floribunda, will provide strong appreciation potential making this an attractive opportunity for investors. The limited supply of housing in Downtown Burlingame, combined with high demand, creates a competitive rental market where landlords will continue to command higher rents due to low vacancy. Real estate in the area has historically proven to be a sound long-term investment, offering both income generation and capital appreciation.

Investment Highlights

  • Rare opportunity to own investment property on the coveted Floribunda Avenue
  • Located 0.3 miles from Downtown Burlingame's upscale restaurants and Boutique shops
  • Close proximity to major employment centers like Silicon Valley and San Francisco
  • High rent submarket offering income generation and appreciation potential

Exclusively Listed By

Financing By

Multifamily

1416 Floribunda Ave

Listing Price: $5,100,000

Cap Rate
3.48%
GRM
17.63
Occupancy
97.0%
Price/Gross SF
$611.22
Gross SF
8,344

Investment Highlights

  • Rare opportunity to own investment property on the coveted Floribunda Avenue
  • Located 0.3 miles from Downtown Burlingame's upscale restaurants and Boutique shops
  • Close proximity to major employment centers like Silicon Valley and San Francisco
  • High rent submarket offering income generation and appreciation potential

Investment Overview

Marcus & Millichap is pleased to present 1416 Floribunda Avenue, a trophy apartment complex situated in a prime Burlingame location a few steps away from Burlingame Avenue. The property is exceptionally well maintained, offering an investor a turn-key apartment complex in central Burlingame. The property sits on a 10,584 SF lot (.24-acres) offering (8) one-bedroom units and (1) two-bedroom unit with spacious floorplans and interior upgrades. Its proximity to major employment centers like Silicon Valley and San Francisco will continue to attract professionals seeking convenience and accessibility. Commuters will benefit from being located less than a ½-mile from Burlingame Caltrain Station. The property is exceptionally well-located steps away from Burlingame Avenue offering upscale dining, shopping, and entertainment options against the backdrop of tree-lined streets and historic architecture. The unique location, paired with a trophy asset such as 1416 Floribunda, will provide strong appreciation potential making this an attractive opportunity for investors. The limited supply of housing in Downtown Burlingame, combined with high demand, creates a competitive rental market where landlords will continue to command higher rents due to low vacancy. Real estate in the area has historically proven to be a sound long-term investment, offering both income generation and capital appreciation.

Exclusively Listed By

Financing By

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