1416 Floribunda Ave - Apartments FOR SALE


Burlingame, CA 94010
$4,885,000 USD
408-888-9594
1416 Floribunda Ave, Burlingame, CA for Sale
$4,885,000 USD
Apartments - FOR SALE
1/17
null | 3.8% Cap Rate

1416 Floribunda Ave
Burlingame, CA 94010


HIGHLIGHTS

  • Well located on prestigious Floribunda Avenue
  • Steps away from Burlingame Avenue offering upscale dining, shopping, and entertainment options

OVERVIEW

Marketing Package available upon request with additional details -- 1416 Floribunda Avenue is a trophy 9-unit apartment complex situated in a prime Burlingame location a few steps away from Burlingame Avenue. The property is exceptionally well maintained, offering an investor a turn-key apartment complex in central Burlingame. The property sits on a 10,584 SF lot (. 24-acres) offering (8) one-bedroom units and (1) two-bedroom unit with spacious floor-plans and interior upgrades. Its proximity to major employment centers like Silicon Valley and San Francisco will continue to attract professionals seeking convenience and accessibility. Commuters will benefit from being located less than ½-mile from Burlingame Caltrain Station.

FOR SALE DETAILS

PRICE

$4,885,000 USD

PRICE/SF

$585 USD /SF

# OF UNITS

9

PRICE/UNIT

$542,778

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,584 SF

ZONING

R3

APN/PARCEL ID

029-131-290

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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