CA > Burlingame
Burlingame, CA 94010,1131 California DR
Burlingame, CA 94010,1131 California DR
Burlingame, CA 94010,1131 California DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,950,000
Est. payment /mo
5,749 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82021556

HOA Y/N No

Year Built 1962

Annual Tax Amount $44,588

Lot Size 5,749 Sqft

Property Description

Pleased to present the opportunity to acquire 1131-1137 California Drive, a two-story mixed-use building located in the heart of Burlingame, California. This approximately 8,034 square foot property, built in 1962 on a 5,750 square foot lot, features a blend of commercial and residential spaces, offering stable in-place income with upside potential. The ground floor is fully leased to two established retail tenants: a nail salon (Burlingame Nail Care) and an auto body shop, providing reliable cash flow. The second floor consists of two recently renovated 2-bedroom, 1-bathroom residential units, both currently vacant and ready for immediate occupancy or leasing at market rates. The property is zoned CMU (California Drive Mixed Use). The zoning is designed to foster vibrant, pedestrian friendly development along California Drive. The zoning encourages a blend of commercial, retail, office, and residential uses to create a dynamic urban environment. The zoning supports diverse businesses, housing options, and community spaces while adhering to development standards that ensure capability with the surrounding area. The seller recently did a feasibility study which shows redevelopment plans for a three story, 10-room hotel.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning CMU

Interior

Cooling None

Fireplace No

Exterior

Utilities Available Other

Roof Type Other

Present Use Residential,Single Family

Building

Water Other

Others

Tax ID 026191070

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CRMLS – RECore
Listed by Sam Runco Marcus & Millichap

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