1116 Douglas Avenue,Burlingame, CA 94010
Burlingame, CA 94010
Description
Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.
Details
| MLS # | ML82010264 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 14 |
| Listing Provided By | Compass | Nate Gustavson |
Features
| SQ Feet | 5,253 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | Multifamily Residential |
| Acreage | 0.21 |
Interior
| Heating | Radiant |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|
Taxes
| Property | 32384 |
|---|
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 |
| Elementary School | McKinley |
| Middle School | Other |
| High School | Burlingame |
| Listing VS Median (in 94010) | |
Price: $2,900,000 low | high Med: $3,600,000 SqFt: 5,253 low | high Med: 2,970 $ / SqFt: $552 low | high Med: $1,212 On site: 14 low | high Med: 25.000000 | |
 | $2,550,000734 Linden AvenueBurlingame, CA 94010 |