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$ 3,198,000
Est. payment /mo
Active
508 El Camino Real Burlingame, CA 94010
8,607 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,607 sqft
Price per Sqft $371
MLS Listing ID ML82025573
HOA Y/N No
Year Built 1976
Lot Size 8,389 Sqft
Acres 0.19
Property Sub-Type Other
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. OPEN HOUSE on Wednesday Oct 29th & Friday Oct 31st from 12pm to 1pm.
Location
State CA
County San Mateo
Zoning R300
Interior
Heating Electric
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 029111190
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Listed by Carlos Azucena • Marcus & Millichap