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Patricia Beattie

admin@brivio.com +1(800) 517-7326

Listed by Carlos Azucena • Marcus & Millichap

$ 3,198,000

Est. payment -/mo

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Contingent

508 El Camino Real Burlingame, CA 94010

1 Bed

1 Bath

8,607 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 8,607 sqft

Price per Sqft $371

MLS Listing ID ML82025573

Bedrooms 1

Full Baths 1

Year Built 1976

Lot Size 8,389 Sqft

Property Sub-Type Five or More Units

Property Description

508 El Camino Real is an eight-unit multifamily property located two blocks from Burlingame Avenue. Excellent price per unit at less than $400,000 per unit. Strong in-place rents with room to increase them and excellent value-add potential through upgrades and remodeling. Currently, the highest cap rate in the market. Residents enjoy amenities such as on-site parking and a laundry room while being a short walk away from the downtown.

Location

State CA

County San Mateo

Area Burlingame Downtown Area

Zoning R30000

Interior

Heating Electric

Cooling None

Exterior

Parking Features Carport , Parking Area

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 029-111-190

Security Features None

Special Listing Condition Not Applicable

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

Patricia Beattie

508 El Camino Real Burlingame, CA 94010

Key Details

Location

Interior

Exterior

Building

Others

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508 El Camino Real