Prime opportunity to build a brand new apartment building in Burlingame less than institutional size. This 12 unit building is a perfect opportunity to build, own and operate a property in a location that does not have any new buildings of this size. Plan includes 8 2 bedroom units and 4 3 bedroom units. Rents for new units average as much as 50% higher rent than the current supply of older (built in the 1950's and 1960's) buildings. Great location with Broadway Burlingame 4 blocks south, the Millbrae Bart Station is 6 blocks north and access to Highway 101 and 280 is very easy (within a 3 minute drive either way.