55 N El Camino Real
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55 N El Camino Real
18 Unit Block of Flats £6,358,864 (£353,270/Unit) 2.75% Net Initial Yield San Mateo, CA 94401
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 |
£312,870
|
£12.78
|
| Other Income |
£3,338
|
£0.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£316,208
|
£12.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£131,518
|
£5.37
|
| Net Operating Income |
£184,689
|
£7.54
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £312,870 |
| Annual Per SF | £12.78 |
| Other Income | |
|---|---|
| Annual | £3,338 |
| Annual Per SF | £0.14 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £316,208 |
| Annual Per SF | £12.91 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £131,518 |
| Annual Per SF | £5.37 |
| Net Operating Income | |
|---|---|
| Annual | £184,689 |
| Annual Per SF | £7.54 |
Property Facts
| Price | £6,358,864 | Property Subtype | Apartment |
| Price Per Unit | £353,270 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 2.75% | Lot Size | 0.26 AC |
| Gross Rent Multiplier | 20.32 | Building Size | 24,489 SF |
| No. Units | 18 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1961 |
| Price | £6,358,864 |
| Price Per Unit | £353,270 |
| Sale Type | Investment |
| Net Initial Yield | 2.75% |
| Gross Rent Multiplier | 20.32 |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 24,489 SF |
| Number of Floors | 3 |
| Year Built | 1961 |
Unit Amenities
- Heating
- Kitchen
- Range
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)
PROPERTY TAXES
| Parcel Number | 028-302-010 | Improvements Assessment | £617,419 |
| Land Assessment | £154,337 | Total Assessment | £771,756 |
PROPERTY TAXES
Parcel Number
028-302-010
Land Assessment
£154,337
Improvements Assessment
£617,419
Total Assessment
£771,756
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Kenny Realty
55 N El Camino Real
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