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$ 3,198,000
Est. payment /mo
Active Under Contract
508 El Camino Real Burlingame, CA 94010
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML82025573
HOA Y/N No
Year Built 1976
Annual Tax Amount $36,409
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 699 - Not Defined
Zoning R30000
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Flat
Total Parking Spaces 3
Building
Water Public
Schools
School District Other
Others
Tax ID 029111190
Special Listing Condition Standard
Listed by Carlos Azucena Marcus & Millichap
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