Bought with Carlos Azucena • Marcus & Millichap
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508 El Camino Real Burlingame, CA 94010
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Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,607 sqft
Price per Sqft $336
MLS Listing ID ML82025573
Bedrooms 1
Full Baths 1
Year Built 1976
Lot Size 8,389 Sqft
Property Sub-Type Five or More Units
Property Description
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.
Location
State CA
County San Mateo
Area Burlingame Downtown Area
Zoning R30000
Interior
Heating Electric
Cooling None
Exterior
Parking Features Carport , Parking Area
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
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