615 Rollins Rd - Multi-Family FOR SALE


Burlingame, CA 94010
$2,250,000 USD
510-304-8077
615 Rollins Rd, Burlingame, CA for Sale
$2,250,000 USD
Multi-Family - FOR SALE
1/11
null | 3.23% Cap Rate

615 Rollins Rd
Burlingame, CA 94010


HIGHLIGHTS

  • An investor has the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in the Bay Area.
  • Between San Francisco Bay Area and San Jose there are more than 3.5 million jobs.
  • The subject property is less than 30 minutes from San Francisco and 45 minutes from San Jose.
  • The subject property is just a few minutes' drive from U.S. Route 101 or Interstate 280.
  • There are also various public transportation options in close proximity including BART, Caltrain, and SamTrans.
  • Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies.

OVERVIEW

615 Rollins Rd is a stunning 4-unit multifamily asset located in the thriving city of Burlingame, California. Situated on a 5,769 square foot parcel of land, the subject property was originally constructed in 1951 and has a gross building area of approximately 2,7644 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private covered parking and on-site laundry. Burlingame is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. The city offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along the popular parallel retail streets Broadway Ave and Burlingame Ave. The investment appeal of this asset is driven by Burlingame's strong employment fundamentals, low vacancy levels, and moderate climate. With a world-class location in the heart of the Peninsula, 615 Rollins Rd presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$814 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

3.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,769 SF

ZONING

-

APN/PARCEL ID

029-083-060

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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