508 El Camino Real

Burlingame , CA 94010

MLS#: ML82025573

$3,198,000

Status: Active
Listing number: ML82025573
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 5 hours ago
On site: 16 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1976

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1926

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $3,198,000

  • Tax Amount

    36409.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Water Source

    Public

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Location

County

San Mateo

Elementary School

Middle School

High School

Listing Courtesy of Carlos Azucena , Marcus & Millichap

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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.

508 El Camino Real

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