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Multifamily

1775 Marco Polo Way

1775 Marco Polo Way, Burlingame, CA 94010

Listing Price: $20,000,000

Cap Rate
4.30%
Number of Units
40
GRM
15.43
Occupancy
97.0%
Price/Unit
$500,000
Price/Gross SF
$869.57
Gross SF
23,000

Investment Overview

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Investment Highlights

  • Extensive Capital Improvements
  • ADU Potential
  • Attractive Burlingame Location

Exclusively Listed By

Financing By

Multifamily

1775 Marco Polo Way

Listing Price: $20,000,000

Cap Rate
4.30%
Number of Units
40
GRM
15.43
Occupancy
97.0%
Price/Unit
$500,000
Price/Gross SF
$869.57
Gross SF
23,000

Investment Highlights

  • Extensive Capital Improvements
  • ADU Potential
  • Attractive Burlingame Location

Investment Overview

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Exclusively Listed By

Financing By

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