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Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,764 sqft
Price per Sqft $795
MLS Listing ID ML81890301
Sold Date 06/24/22
HOA Y/N No
Year Built 1951
Annual Tax Amount $27,488
Lot Size 5,702 Sqft
Property Description
RARELY-AVAILABLE High-Quality 4-Units in Burlingame w/ Easy Access to 101 & Broadway. Ideal for Owner-User or Investor Hassle Free Income. A-Location in North Burlingame (Rollins Rd @ Oak Grove). Easy Access to Broadway Burlingame, Caltrain, and Highway 101 Broadway Exit. Easy to Manage, w/ Excellent Tenants. High-Demand Rental Area w/ Below-Market Rents. 4 Well-Maintained Units: 2 BR/1 BA: 760 SF; and 1 BR/1 BA: 622 SF. Most Units are Updated. Each Unit Offers: Wall Furnace, Individual Water Heaters, Kitchen (Dishwasher, Gas Range), Enclosed Parking Garage. Tenants Pay Own PG/E Meters. Owner Pays Water, Garbage and Gardener. Nice Floorplans Offer Ease of Rental & Hassle-Free Management. Extremely Supply-Constrained Core-Burlingame Market (Little to No Apartments for Sale). Scarce Inventory and Low Transaction Velocity. Property Offers Excellent Hedge Against Inflation-High-Quality Asset in Excellent Location Providing Steady Cashflow and Value Preservation & Appreciation
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-3 / Rollins Road Reside
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan
Exterior
Garage Covered
Garage Spaces 4.0
Garage Description 4.0
Roof Type Composition
Accessibility Parking
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 029083070
Security Features Security Lights
Financing Conventional
Special Listing Condition Standard
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Bought with RECIP • Out of Area Office