1775 Marco Polo Way, Burlingame, CA 94010
- $18,620,000
- List Price
- $18,620,000
- Price Change
- ▼ $380,000 1749529231
- Status
- ACTIVE
- MLS#
- ML81995355
- Year Built
- 1957
- Lot Size
- 38,904
- Acres
- 0.89
- Days on Market
- 195
- Property Type
- Commercial
Property Description
1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 24 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.
/u.realgeeks.media/makaremrealty/logo3.png){kind=logo}
Additional Information
- Taxes
- $207,929
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Tar/Gravel
- Water
- Other
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $1,275,840
Listing courtesy of Listing Agent: Sam Runco (sam.runco@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.