1028 Chula Vista Ave - Multi-Family FOR SALE


Burlingame, CA 94010
$2,480,000 USD
415-786-9410
1028 Chula Vista Ave, Burlingame, CA for Sale
$2,480,000 USD
Multi-Family - FOR SALE
1/27
null | 2.73% Cap Rate

1028 Chula Vista Ave
Burlingame, CA 94010


HIGHLIGHTS

  • Dishwashers and garbage disposals in ALL units
  • Sewer Lateral Compliance & Work completed – Oct, 2023
  • New water heater replacement – 2023 (Smelly Mels)
  • Unit # 2 remodeled – 2022 | Unit #3 remodeled – 2019
  • Dual Pane Windows - Unit 2, 3 & 4
  • Coin-operated laundry room onsite

OVERVIEW

OPEN HOUSE - Friday (11/22/23) from 10AM-11AM Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows offering abundant natural light. There are dual pane windows in 3 of the 4 units and an abundance of parking with 5 carports, and a large private two-car garage. All units have storage and access to the on-site coin-operated laundry room. Sewer lateral compliance certified in 2023, and a new water heater was installed in 2023. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great opportunity for generational income property in one the nicest sub-markets on the Peninsula.

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

4

PRICE/UNIT

$620,000

CAP RATE

2.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

026-194-210

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.