1116 Douglas AVE Open House Save Request In-Person Tour Request Virtual Tour
Burlingame,CA 94010
OPEN HOUSE
Wed Jun 18, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,253 sqft
Price per Sqft $552
MLS Listing ID ML82010264
Bedrooms 1
Full Baths 2
Year Built 1936
Lot Size 9,126 Sqft
Property Sub-Type Five or More Units
Property Description
Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, on-site coin-operated laundry, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.
Location
State CA
County San Mateo
Area Burlingame Downtown Area
Zoning Multifamily Residential
Interior
Heating Radiant,Other
Cooling Ceiling Fan
Flooring Hardwood,Laminate,Tile
Exterior
Exterior Feature Balcony / Patio,Deck
Parking Features Assigned Spaces,Carport ,Covered Parking
Utilities Available Individual Electric Meters,Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public,Sewer Connected
Water Public
Others
Special Listing Condition Not Applicable