Burlingame, CA 94010,1116 Douglas Avenue
Burlingame, CA 94010,1116 Douglas Avenue
Burlingame, CA 94010,1116 Douglas Avenue
Burlingame, CA 94010,1116 Douglas Avenue
Burlingame, CA 94010,1116 Douglas Avenue
Burlingame, CA 94010,1116 Douglas Avenue
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$ 2,900,000
Est. payment | /mo

5,253 SqFt


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$ 2,900,000
Est. payment | /mo
Save

5,253 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 5,253 sqft

Price per Sqft $552

MLS Listing ID ML82010264

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

Bridge MLS
Listed by Nate Gustavson • Compass
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(510) 854-8066

brian@bayareasbestagent.com

1820 Solano Ave, Berkeley, CA, 94707, USA

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1116 Douglas Avenue