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$ 6,500,000

Est. payment | -/mo

3 Beds

12 Baths

10,712 SqFt

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$ 6,500,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

12 Baths

10,712 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 10,712 sqft

Price per Sqft $606

Lot Size 0.280 Acres

MLS Listing ID ML82020231

Style Contemporary

Bedrooms 3

Full Baths 12

Property Description

Welcome to 1437 Floribunda Avenue in beautiful Downtown Burlingame. This 11-unit Residential Apartment Building was originally built in 1961 and has been lovingly owned and managed by it's current owners for over 50 years. Many fine upgrades and improvements have occurred in the past 25 years. There are (6), 1-bedroom, 1-bathroom apartments and (5) 2-bedroom 1-bathroom apartments. This is one of the best locations for multi-family income properties in the City of Burlingame. Only 3-blocks North of the vibrant commercial district of Burlingame Avenue, walking distance to the Caltrain Station, parks, schools, shopping. This location is ideal for those residents who work in San Francisco, Silicon Valley or the Peninsula. This fully-occupied, 11-unit apartment building offers immediate, stable cash flow with a 100% occupancy rate.

Location

State CA

County San Mateo

Area Burlingame Downtown Area

Zoning R30000

Rooms

Kitchen Appliances - Vary by Unit, Countertop - Formica, Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Oven - Electric, Pantry Cabinet, Refrigerator

Interior

Heating Central Forced Air - Gas, Forced Air, Wall Furnace

Cooling Central AC, Central Forced Air - Gas, Window / Wall Unit, Other

Flooring Carpet, Hardwood, Laminate, Tile

1-purchase type For Sale

Exterior

Exterior Feature Back Yard, Balcony / Patio, Low Maintenance, Sprinklers - Auto, Other

Garage Carport , Lighted Parking Area, No Garage

Utilities Available Individual Electric Meters, Public Utilities

View Other

Roof Type Rolled Composition

Building

Lot Description Grade - Level

Foundation Concrete Slab, Post and Beam, Quake Bracing, Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions Other

Tax ID 029-112-040

Miscellaneous Other

Security Features None

Special Sale Not Applicable

Listed by Ken Constantino of Compass
Bought with Ken Constantino of Compass

1437 Floribunda AVE Burlingame, CA 94010