CA > Burlingame
Burlingame, CA 94010,1116 Douglas AVE
Burlingame, CA 94010,1116 Douglas AVE
Burlingame, CA 94010,1116 Douglas AVE
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Steven Gary

Steven Gary

+1(408) 644-3287
Listed by Nate Gustavson • Compass
$2,900,000
Est. payment /mo
1 Bed
2 Baths
5,253 SqFt
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OPEN HOUSE

Wed Jun 18, 11:00am - 1:00pm

UPDATED:

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, 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

Restrictions None

Tax ID 029-132-150

Security Features None

Special Listing Condition Not Applicable

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agent

Steven Gary

+1(408) 644-3287

Realtor | License ID: 01895061

Realtor License ID: 01895061

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1116 Douglas AVE

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