CA > Burlingame
Burlingame, CA 94010,1140 El Camino Real
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Burlingame, CA 94010,1140 El Camino Real
Burlingame, CA 94010,1140 El Camino Real
Burlingame, CA 94010,1140 El Camino Real
Burlingame, CA 94010,1140 El Camino Real
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Pacificwide Real Estate And Mortgage

Pacificwide Real Estate And Mortgage

+1(408) 772-6887
Listed by Don Sung • Colliers Parrish International, Inc.
$ 2,995,000
Est. payment /mo
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1140 El Camino Real Burlingame, CA 94010

2 Beds

2 Baths

4,883 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,883 sqft

Price per Sqft $613

MLS Listing ID ML82022957

Bedrooms 2

Full Baths 2

Year Built 1952

Lot Size 6,154 Sqft

Property Sub-Type Five or More Units

Property Description

First Time on Market in 13 Years. Rarely Available, A+ Location. Walk to Broadway Shops and Cal-Train Station. Walk Score: 90, Bike Score: 81. Easy to Lease & Manage. 6-Units w/ Strong Historical Tenancy, Low Turnover and Little to No Vacancy. 6 Spacious 1 BR/1 BA Units w/ Desirable Floorplans. Low Operating Expense Ratio (30%). Tenants Pay In-Unit PG & E and Reimburse Owner for Water. Potential to Implement Full RUBS Program. Potential to Add Dishwashers and In-Unit Washer & Dryers, Conduct Minor In-Unit Upgrades to Achieve Higher Market Rent and Higher CAP Rate. R-3 Zoning: Offers Medium/High Density Residential. Excellent Long-Term Development/Assemblage Potential. Front of Property Offers 3 Easy to Access, Uncovered Parking Spaces. Adjacent Properties (Chase Bank & USPS) Offer Temporary Overflow Parking for Visitors. Potential to Convert 6 Covered Carports to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each) on Ground Floor. 2 Additional Ground Floor ADU's Offer $600,000 ($5,000/Month). Cap. Ex. Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Strong Rents Driven by Convenient Location and Low-Supply Constraints. Consistently Strong Rental Demand. Proven Track-Record of Reliable Incoming Generation. Please DO NOT DISTURB TENANTS.

Location

State CA

County San Mateo

Area Burlingame Terrace-Easton Addition

Zoning R-3 Medium/High Density Residential

Interior

Heating Gas, Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Community Features Additional Storage

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 026-212-230

Security Features Other

Special Listing Condition Not Applicable

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Pacificwide Real Estate And Mortgage

Pacificwide Real Estate And Mortgage

Broker

+1(408) 772-6887

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1140 El Camino Real