55 El Camino Real
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55 El Camino Real
18 Unit Apartment Building Offered at £6,255,688 at a 2.75% Net Initial Yield in Burlingame, CA 94010
Executive Summary
This 18 unit 4 story apartment building has been privately owned by the same family for 49 years. The building features 15 one bedroom units, and 3 two bedroom, 2 bath units. Building also features a small pool, sundeck, underground parking, elevator, extra storage and a trash chute. One of the best locations in Burlingame, just a short walk to Burlingame Avenue shops and restaurants.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Title and Insurance
- Investigations
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£307,793
|
£14.74
|
| Other Income |
£3,284
|
£0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£311,077
|
£14.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£129,384
|
£6.19
|
| Net Operating Income |
£181,693
|
£8.70
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £307,793 |
| Annual Per SF | £14.74 |
| Other Income | |
|---|---|
| Annual | £3,284 |
| Annual Per SF | £0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £311,077 |
| Annual Per SF | £14.89 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £129,384 |
| Annual Per SF | £6.19 |
| Net Operating Income | |
|---|---|
| Annual | £181,693 |
| Annual Per SF | £8.70 |
Property Facts
| Price | £6,255,688 | Property Type | Residential |
| Price Per Unit | £347,538 | Building Size | 20,888 SF |
| Sale Type | Investment | Number of Floors | 3 |
| Net Initial Yield | 2.75% | Year Built | 1968 |
| Gross Rent Multiplier | 20.32 | Parking Ratio | 0.86/1,000 SF |
| No. Units | 18 |
| Price | £6,255,688 |
| Price Per Unit | £347,538 |
| Sale Type | Investment |
| Net Initial Yield | 2.75% |
| Gross Rent Multiplier | 20.32 |
| No. Units | 18 |
| Property Type | Residential |
| Building Size | 20,888 SF |
| Number of Floors | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Pool
- Lift
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+2 | 3 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (78)
1 of 24
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Presented by
Kenny Realty
55 El Camino Real
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