CA > Burlingame
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$20,000,000
Est. payment /mo
0.89 Acres Lot
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UPDATED:

02/25/2025 08:26 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81995355

HOA Y/N No

Year Built 1957

Annual Tax Amount $225,597

Lot Size 0.893 Acres

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 40

Utilities Available Other

Roof Type Tar/Gravel

Total Parking Spaces 40

Building

Water Other

Schools

School District Other

Others

Tax ID 025142020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sam Runco • Marcus & Millichap

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