CA > Burlingame
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
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Sam Spinella

Sam Spinella

+1(408) 393-9294
Listed by Carlos Azucena • Marcus & Millichap
$ 3,198,000
Est. payment | /mo

1 Bed

1 Bath

8,607 SqFt

Save
$ 3,198,000
Est. payment | /mo
Save

1 Bed

1 Bath

8,607 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 8,607 sqft

Price per Sqft $371

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

Restrictions None

Tax ID 029-111-190

Security Features None

Special Listing Condition Not Applicable

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Sam Spinella
Sam Spinella

Your Trusted Real Estate Guy | License ID: 01377658

+1(408) 393-9294 | sam@spinellagroup.com

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508 El Camino Real