1113 Chula Vista Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1113 Chula Vista Ave
8 Unit Block of Flats £2,844,036 (£355,504/Unit) 3.38% Net Initial Yield Burlingame, CA 94010
Executive Summary
1113 Chula Vista Ave is an exceptional 8-unit investment opportunity located in the thriving city of Burlingame, California.
Situated on a parcel of land totaling 5,750 square feet, the subject property was originally constructed in 1946 and has a gross building area of approximately 10,450 square feet, offering its tenants beautifully designed one-bedroom floor plans. The property is equipped with a completely upgraded electrical system throughout the building.
The subject property is situated just over one block from the Broadway Caltrain Station, fostering connectivity to the entire Bay Area. Additionally, 1113 Chula Vista Ave is approximately three miles from the San Francisco International Airport allowing tenants to easily travel across state borders and internationally. The subject property is also nearby Downtown Burlingame and the Broadway Business District. Both districts feature a growing variety of locally owned businesses, shops, and boutiques, along with many restaurants and cafes.
1113 Chula Vista Ave offers tenants convenient access to nearby transportation corridors with U.S. Route 101, Interstate 280, and the San Mateo-Hayward Bridge. Nearby transportation corridors give tenants easy access to many of the nation's top employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others.
The investment appeal of this asset is driven by Burlingame’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 1113 Chula Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, and access to shopping, dining, and entertainment hubs.
Situated on a parcel of land totaling 5,750 square feet, the subject property was originally constructed in 1946 and has a gross building area of approximately 10,450 square feet, offering its tenants beautifully designed one-bedroom floor plans. The property is equipped with a completely upgraded electrical system throughout the building.
The subject property is situated just over one block from the Broadway Caltrain Station, fostering connectivity to the entire Bay Area. Additionally, 1113 Chula Vista Ave is approximately three miles from the San Francisco International Airport allowing tenants to easily travel across state borders and internationally. The subject property is also nearby Downtown Burlingame and the Broadway Business District. Both districts feature a growing variety of locally owned businesses, shops, and boutiques, along with many restaurants and cafes.
1113 Chula Vista Ave offers tenants convenient access to nearby transportation corridors with U.S. Route 101, Interstate 280, and the San Mateo-Hayward Bridge. Nearby transportation corridors give tenants easy access to many of the nation's top employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others.
The investment appeal of this asset is driven by Burlingame’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Peninsula, 1113 Chula Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, and access to shopping, dining, and entertainment hubs.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,844,036 | Apartment Style | Low Rise |
Price Per Unit | £355,504 | Building Class | C |
Sale Type | Investment | Lot Size | 0.13 AC |
Net Initial Yield | 3.38% | Building Size | 10,450 SF |
Gross Rent Multiplier | 17.56 | Number of Floors | 2 |
No. Units | 8 | Year Built | 1946 |
Property Type | Residential | Tenancy | Single |
Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
Price | £2,844,036 |
Price Per Unit | £355,504 |
Sale Type | Investment |
Net Initial Yield | 3.38% |
Gross Rent Multiplier | 17.56 |
No. Units | 8 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.13 AC |
Building Size | 10,450 SF |
Number of Floors | 2 |
Year Built | 1946 |
Tenancy | Single |
Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Walk-Up
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 8 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
Parcel Number | 026-192-070 | Total Assessment | £1,747,105 |
Land Assessment | £929,571 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £817,533 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
026-192-070
Land Assessment
£929,571
Improvements Assessment
£817,533
Total Assessment
£1,747,105
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R3 |
R3 |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1113 Chula Vista Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.