$3,198,000 USD
408-205-2679
508 El Camino Real
Burlingame, CA 94010
Downtown Burlingame
HIGHLIGHTS
- Spacious units that are approximately 650 Sqft.
- Each unit has its own balcony.
- On-site laundry allows for an additional source of revenue.
- Current and proposed developments will bring even more skilled and high wage earning employees to the area.
- Downtown Burlingame is a short walk away, which has over 50 restaurants and services.
OVERVIEW
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.
OPEN HOUSE on Wednesday Oct 29th & Friday Oct 31st from 12pm to 1pm.
FOR SALE DETAILS
PRICE
$3,198,000 USD
PRICE/SF
$395 USD /SF
# OF UNITS
8
PRICE/UNIT
$399,750
CAP RATE
4.27%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
OPEN HOUSE on Oct 29th & Oct 31st
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1976
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,856 SF
ZONING
R30000
APN/PARCEL ID
029-111-190
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408-205-2679
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408-205-2679
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