Burlingame CA Real Estate & Commercial for Sale

Rare Burlingame investment opportunity with income upside! Marketing Package available upon request.

Prestigious Pride of Ownership Asset in Downtown Burlingame - Investors have the rare opportunity to acquire a 76-unit apartment community located on two contiguous parcels situated two blocks from Downtown Burlingame. Exceptional Value-Add Opportunity - Purchaser has the opportunity to achieve significant rental premiums through interior and exterior renovations. Attractive Community Amenities - 1239 Oak Grove Ave & 1404 Floribunda Ave offers residents attractive community amenities including laundry facilities, picnic area and private parking. Substantially Large Parcels - The subject property is situated on two adjacent parcels of land totaling nearly 1 acre offering buyers the opportunity for development potential.

Rarely available on the market is the incredible opportunity to own an apartment building in the heart of Burlingame. This 5-unit building has been cared for and maintained over the years with several of the units recently remodeled. Units consist of three 2 Bedroom/1 Bath and two 1 Bedroom/1 Bath. Located nearby all Burlingames world class offerings: excellent schools, downtown Burlingame Avenue and Broadway, Caltrain for convenient commuting, and numerous parks, playgrounds, and trails.

Prime Trophy Opportunity! City Approved 120 Unit Residential Condominium Entitlement. The City of Burlingame has approved an application for construction of a new six-story condominium. The final approval of this project was at the March 15, 2021, City Council meeting. Located in the prestigious Mills Estates neighborhood of Burlingame and within walking distance of many shops, the Mills-Peninsula Hospital and, the Millbrae BART & CalTrain stations. With 120 units and 150 parking spaces, this building offers six stories of studios, one, and two-bedroom residences of unparalleled sophistication. Also, there will be 6 affordable to low-income households. The project proposes to provide 150 spaces (31 more than required), including 28 tandem spaces for 56 vehicles. The 169,232 square feet building will have a net rentable square feet of 88,583 and 12,135 square feet of common open space. LAND & ENTITLEMENT ONLY. Construction Drawings and Permits NOT INCLUDED.

$200K Price Reduction - Rare Burlingame opportunity 0.2 miles from Downtown (Burlingame Ave) and Caltrain! **SELLER FINANCING AVAILABLE **Marketing Package, reports and additional information available upon request.