909 Rollins Rd - Multi-Family FOR SALE


Burlingame, CA 94010
$2,480,000 USD
650-576-5408
909 Rollins Rd, Burlingame, CA for Sale
$2,480,000 USD
Multi-Family - FOR SALE
1/12
null | 4.37% Cap Rate

909 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.
  • Strong Labor Market – 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.
  • Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies.
  • Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Chevron, Box Inc., Visa and others.

OVERVIEW

909 Rollins Rd is a stunning 4-unit multifamily asset located in the thriving city of Burlingame, California. Situated on a 5,250 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,336 square feet, offering its tenants beautifully designed two-bedroom floor plans. 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, 909 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

$2,480,000 USD

PRICE/SF

$743 USD /SF

# OF UNITS

4

PRICE/UNIT

$620,000

CAP RATE

4.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,250 SF

ZONING

R3

APN/PARCEL ID

026-251-140

ASK ABOUT THIS PROPERTY

Justin FinkMarcus & MillichapMore Info
650-576-5408

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Justin FinkMarcus & MillichapMore Info
650-576-5408

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