Downtown Burlingame | 5.27% Cap Rate | 236 Anita Rd
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Downtown Burlingame | 5.27% Cap Rate 236 Anita Rd
7 Unit Block of Flats £1,731,855 (£247,408/Unit) 5.27% Net Initial Yield Burlingame, CA 94010
Investment Highlights
- Located Steps Away From Downtown Burlingame and Caltrain Station
- Excellent Price Per Unit for Downtown Burlingame Location
- Directly Across the Street From Washington Park And The Newly Built State-Of-The-Art Community Center
Executive Summary
Price Reduction - Bring Offers!
Seven unit apartment complex in downtown Burlingame! Exceptionally well located ~0.5 miles from Burlingame Avenue, ~0.2 miles from Caltrain Station, ~0.6 miles from Burlingame High School and directly across the street from Washington Park and Burlingame's new Community Center. The apartment complex offers (3) one bedroom units and (4) studios in one of the strongest rental markets in the bay area! Marketing Package available upon request.
Seven unit apartment complex in downtown Burlingame! Exceptionally well located ~0.5 miles from Burlingame Avenue, ~0.2 miles from Caltrain Station, ~0.6 miles from Burlingame High School and directly across the street from Washington Park and Burlingame's new Community Center. The apartment complex offers (3) one bedroom units and (4) studios in one of the strongest rental markets in the bay area! Marketing Package available upon request.
Property Facts
| Price | £1,731,855 | Apartment Style | Low Rise |
| Price Per Unit | £247,408 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 5.27% | Building Size | 3,052 SF |
| Gross Rent Multiplier | 14.38 | Average Occupancy | 100% |
| No. Units | 7 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Price | £1,731,855 |
| Price Per Unit | £247,408 |
| Sale Type | Investment |
| Net Initial Yield | 5.27% |
| Gross Rent Multiplier | 14.38 |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,052 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.64/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 3 | - | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 029-251-220 | Improvements Assessment | £177,486 |
| Land Assessment | £1,522,740 | Total Assessment | £1,700,226 |
PROPERTY TAXES
Parcel Number
029-251-220
Land Assessment
£1,522,740
Improvements Assessment
£177,486
Total Assessment
£1,700,226
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Downtown Burlingame | 5.27% Cap Rate | 236 Anita Rd
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