1140 El Camino Real, Burlingame, CA 94010
1140 El Camino Real, Burlingame, CA 94010
1140 El Camino Real, Burlingame, CA 94010
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Listed by Don Sung • Colliers Parrish International, Inc.
$2,995,000
Est. payment /mo
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4,883 SqFt
New

1140 El Camino Real Burlingame, CA 94010

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,883 sqft

Price per Sqft $613

MLS Listing ID ML82043505

HOA Y/N No

Year Built 1952

Lot Size 6,154 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property Description

Rarely Available, A+ Broadway Burlingame Location. Walk to Broadway Shops and Cal-Train Station. Walk Score: 89, Bike Score: 81. Spacious 1 Bedroom / 1 Bath Units w/ Desirable Floorplans - Offering Possibility to Convert to 2 Bedroom / 1 Bath Floorplans to Increase NOI & Cap Rate. Low Operating Expense Ratio (30%). Individual Water Heaters (1 for Each Unit). Potential to Add Dishwashers and In-Unit Washer & Dryers. R-3 Zoning: Parcel Offers Medium/High Density Residential Development Potential in the Future. Capital Improvements Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Potential to Convert 6 Covered Carports (w/ 7' 6" ceiling) to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each). Consistently Strong Rents Driven by Convenient Location and Low-Supply Constraints. Strong Rental Demand. Easy Access to El Camino Real, 101, 280, and Major Silicon Valley Employers. Current CAP Rate (In-Place Rents): 3.75% / GRM (In-Place Rents): 17.6. Pro-Forma CAP Rate (Market Rents): 4.70% / GRM (In-Place Rents): 15. Reasonable Cost/SF: $613/SF. Please DO NOT DISTURB Tenants. Thank you!

Location

State CA

County San Mateo

Interior

Heating Wall Furnace

Cooling None

Flooring Hardwood

Fireplace No

Window Features Double Pane Windows

Appliance Refrigerator

Laundry Coin Operated

Building

Lot Description Level

Bay East Association of Realtors
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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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