Burlingame, CA 94010,1140 El Camino Real
Burlingame, CA 94010,1140 El Camino Real
Burlingame, CA 94010,1140 El Camino Real
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Don Sung • Colliers Parrish International, Inc.
$2,995,000
Est. payment /mo
2 Beds
2 Baths
4,883 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,883 sqft

Price per Sqft $613

MLS Listing ID ML82022957

Bedrooms 2

Full Baths 2

Year Built 1952

Lot Size 6,154 Sqft

Property Sub-Type Five or More Units

Property Description

A+ LOCATION! HUGE Upside w/ Spacious Units. Easy to Lease and Manage. Rarely Available. Walk to Broadway Shops and Cal-Train Station. Walk Score: 90, Bike Score: 81. 6-Units w/ Strong Historical Tenancy, Low Turnover and Little to No Vacancy. 6 Spacious 1 BR/1 BA Units w/ Desirable Floorplans. Low Operating Expense Ratio (30%). Tenants Pay In-Unit PG & E and Reimburse Owner for Water. Potential to Implement Full RUBS Program. Add Dishwashers and In-Unit Washer & Dryers, Conduct Minor In-Unit Upgrades to Achieve Higher Market Rent/Higher CAP Rate. First Time on Market in 13 Years. R-3 Zoning: Offers Medium/High Density Residential. Excellent Long-Term Development/Assemblage Potential. Front of Property Offers 3 Easy to Access, Uncovered Parking Spaces. Adjacent Properties (Chase Bank & USPS) Offer Temp. Overflow Parking for Visitors. Potential to Convert 6 Covered Carports to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each) on Ground Floor. 2 Additional Ground Floor ADU's Offer $600,000 ($5,000/Month). Cap. Ex. Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Strong Rents Driven by Convenient Location and Low-Supply. Consistently Strong Rental Demand. Proven Track-Record of Reliable Incoming Generation. Please DO NOT DISTURB TENANTS.

Location

State CA

County San Mateo

Area Burlingame Terrace-Easton Addition

Zoning R-3 Medium/High Density Residential

Interior

Heating Gas, Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Community Features Additional Storage

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 026-212-230

Security Features Other

Special Listing Condition Not Applicable

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Nearby Schools and Businesses

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Hoover Elementary School

    Public | KG - 5

  • 9

    West Hillsborough School

    Public | KG - 5

  • 9

    South Hillsborough School

    Public | KG - 5

  • 9

    North Hillsborough School

    Public | KG - 5

  • 9

    College Park Elementary School

    Public | KG - 5

  • 9

    Lincoln Elementary

    Public | KG - 5

  • 9

    Franklin Elementary School

    Public | KG - 5

  • 9

    Green Hills School

    Public | KG - 5

  • 8

    Baywood Elementary School

    Public | KG - 5

  • 8

    McKinley Elementary School

    Public | KG - 5

  • 8

    Washington Elementary

    Public | KG - 5

  • 7

    Roosevelt School

    Public | KG - 5

  • 7

    Spring Valley School

    Public | KG - 5

  • 5

    Lomita Park School

    Public | KG - 5

  • 4

    San Mateo Park Elementary

    Public | KG - 5

  • 1

    Belle Air Elementary

    Public | KG - 5

  • 0

    La Petite Montessori

    Private | PK - KG

  • 0

    Tulane Montessori Children's House

    Private | PK - TKG

  • 0

    The Nueva School

    Private | PK - 11

  • 0

    St Matthew's Episcopal Day School

    Private | PK - 8

Middle Schools 6
  • 9

    Crocker Middle School

    Public | 6 - 8

  • 9

    Burlingame Intermediate

    Public | 6 - 8

  • 7

    Taylor Middle School

    Public | 6 - 8

  • 6

    Borel Middle School

    Public | 6 - 8

  • 0

    Fusion Academy San Mateo

    Private | 6 - 12

  • 0

    Crystal Springs Uplands School

    Private | 6 - 12

High Schools 6
  • 10

    Aragon High School

    Public | 9 - 12

  • 9

    Burlingame High School

    Public | 9 - 12

  • 9

    Mills High School

    Public | 9 - 12

  • 7

    San Mateo High School

    Public | 9 - 12

  • 7

    Capuchino High School

    Public | 9 - 12

  • 0

    Mercy High School

    Private | 9 - 12

School and business data provided by Attom Data.
Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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1140 El Camino Real