508 El Camino Real Active Save Request In-Person Tour Request Virtual Tour
Burlingame,CA 94010
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
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
Source MLSListings, Inc.
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
Garage Spaces 3.0
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 029-111-190
Special Listing Condition Not Applicable