1249-1265 Oak Grove Ave - Apartments FOR SALE
Burlingame, CA 94010 |
1249-1265 Oak Grove Ave
Burlingame, CA 94010
HIGHLIGHTS
- Rare Value-Add Investment: Nearly 40% upside in rents with strong long-term income growth
- Prime Location: 1/2 mile walk from Downtown Burlingame and adjacent to Hillsborough
- Two Separate Buildings: 17-units totaling 17,576 sf on a large lot within the Downtown Specific Plan zone
- Desirable Unit Mix: (1) 2BD/1.5BA, (1) 2BD/1BA, and (15) 1BD/1BA
- Recent Capital Improvements: Dual pane windows, fresh exterior paint, and upgraded flooring in 11 units with hardwood or luxury vinyl plank
- Close to Major Employers: Minutes from Mills-Peninsula Medical Center, biotech firms, and San Francisco International Airport
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
17576
STORIES
2
YEAR BUILT
1954
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
029-131-400
