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$2,995,000
( $613.35Per Sq Foot )
 $16,078 est/mo Sourced by Back At You

1140 El Camino Real,Burlingame, CA 94010

Burlingame, CA 94010

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Description

Rarely Available, A+ Broadway Burlingame Location. Walk to Broadway Shops and Cal-Train Station. Walk Score: 89, Bike Score: 81. Spacious 1 Bedroom / 1 Bath Units w/ Desirable Floorplans - Offering Possibility to Convert to 2 Bedroom / 1 Bath Floorplans to Increase NOI & Cap Rate. Low Operating Expense Ratio (30%). Individual Water Heaters (1 for Each Unit). Potential to Add Dishwashers and In-Unit Washer & Dryers. R-3 Zoning: Parcel Offers Medium/High Density Residential Development Potential in the Future. Capital Improvements Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Potential to Convert 6 Covered Carports (w/ 7' 6" ceiling) to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each). Consistently Strong Rents Driven by Convenient Location and Low-Supply Constraints. Strong Rental Demand. Easy Access to El Camino Real, 101, 280, and Major Silicon Valley Employers. Current CAP Rate (In-Place Rents): 3.75% / GRM (In-Place Rents): 17.6. Pro-Forma CAP Rate (Market Rents): 4.70% / GRM (In-Place Rents): 15. Reasonable Cost/SF: $613/SF. Please DO NOT DISTURB Tenants. Thank you!

Details

MLS #ML82043505
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1952
Days On Site153
Listing Provided ByColliers Parrish International, Inc. | Don Sung

Features

SQ Feet4,883
Car PortYes
Units6
Building(s)1
ZoningR-3
Acreage0.14

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofFoam
Lot FeaturesLevel

Taxes

Property34793

Area Information

StateCA
CountySan Mateo
CityBurlingame
Zip Code94010
Area699 Not Defined
Listing VS Median (in 94010)
Price:
$2,995,000
low | high
Med:
$2,995,000
50% of Average
sqft:
4,883
low | high
Med:
2,220
100% of Average
$ / sqft:
$613
low | high
Med:
$1,349
69.954954954955% of Average
On site:
153
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 94010

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountySan Mateo
CityBurlingame
Zip Code94010
Area699 Not Defined
Listing VS Median (in 94010)
Price:
$2,995,000
low | high
Med:
$2,995,000
50% of Average
sqft:
4,883
low | high
Med:
2,220
100% of Average
$ / sqft:
$613
low | high
Med:
$1,349
69.954954954955% of Average
On site:
153
low | high
Med:
6
100% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 10:54:21 PM PDT

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