1775 Marco Polo Way,Burlingame, CA 94010
Burlingame, CA 94010
Description
1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.
Details
| MLS# | ML81995355 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 60 |
| Listing Provided By | Marcus & Millichap (650) 391-1700 | Sam Runco |
Features
| SQ Feet | 23,075 |
|---|---|
| Car Port | Yes |
| Building(s) | 2 |
| Zoning | R3 |
| Acreage | 0.89 |
Market Activity 94010
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Learn More About This Property
| State | CA |
|---|---|
| County | San Mateo |
| City | Burlingame |
| Zip Code | 94010 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 94010) | |
Price: $19,500,000 low | high Med: $3,993,000 SqFt: 23,075 low | high Med: 2,895 $ / SqFt: $845 low | high Med: $1,383 On site: 60 low | high Med: 11.500000 | |