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1018 Chula Vista Ave , Burlingame , CA 94010; Multifamily Properties For Sale; A-1 in San Mateo County

1018 Chula Vista Ave , Burlingame , CA   94010; Multifamily Properties For Sale; A-1 in San Mateo County


Price:  $2,450,000
No. Units:  5
Building Size:  4,000 SF
Lot Size:  0.13 AC
Property Type:  Multifamily
Property Sub-type:  Garden/Low-Rise
No. Stories  2
Year Built:  1972
Status:  Active


Property Description

Great investment offering located in Burlingame. Built in 1972 the 2-story 5 unit building was constructed wood frame with stucco exterior, compo shingle roofs, and concrete perimeters. 4 out of the 5 units have updated features including laminate hardwood flooring, kitchen granite, and stainless steel appliances. The 2 bedroom units have private patios and the 3 bedroom unit has a spacious yard. All units come with parking. The 2 and 1 bedroom units have designated carport spaces while the 3 bedroom has a private garage. Units are separately metered for electric and a house meter for water. The rental market is strong with continued growth potential due to the buildings positioning between San Francisco in the north and Silicon Valley in the South. Building is currently bringing an approximate $120,000 annual gross income with a market potential of $140,000.

Location Description

Located in Burlingame. Easy walk to Boardway where stores, restaurants, banks, and services are located. Apartments are easily accessible to Burlingame Avenue, Burlingame City Hall and Library. Walking distance to highly rank public Burlingame schools (McKinley Elementary API 2010 scores 841, Burlingame Intermediate 880, Burlingame High 833), public parks and public tennis courts. 1 minute to freeway, Bart, Cal-Tran and bus stops.




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