CA > Burlingame
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Burlingame, CA 94010,508 El Camino Real
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$3,198,000
Est. payment /mo
8,389 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML82025573

HOA Y/N No

Year Built 1976

Annual Tax Amount $36,409

Lot Size 8,389 Sqft

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 699 - Not Defined

Zoning R30000

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 8

Roof Type Flat

Total Parking Spaces 3

Building

Water Public

Schools

School District Other

Others

Tax ID 029111190

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Carlos Azucena Marcus & Millichap
Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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