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$ 2,900,000
$ 2,900,000
Est. payment | /mo
5,253 SqFt
$ 2,900,000
$ 2,900,000
Est. payment | /mo
5,253 SqFt
Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,253 sqft
Price per Sqft $552
MLS Listing ID ML82010264
Sold Date 07/28/25
HOA Y/N No
Year Built 1936
Lot Size 9,126 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
The Coeur d'Alene Apartments are a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.
Location
State CA
County San Mateo
Zoning Mult
Interior
Heating Radiant, Other
Cooling Ceiling Fan(s)
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
Building
New Construction No
Others
Tax ID 029132150
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Listed by Nate Gustavson • Compass
Bought with NateGustavson
Bought with NateGustavson
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "