Bought with Carlos Azucena • Marcus & Millichap
$2,900,000
$3,198,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
508 El Camino Real Burlingame, CA 94010
8,607 SqFt
Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,607 sqft
Price per Sqft $336
MLS Listing ID ML82025573
Year Built 1976
Lot Size 8,389 Sqft
Property Sub-Type Other
Property Description
508 El Camino Real is an eight-unit multifamily property located two blocks from Burlingame Avenue. Excellent price per unit at less than $400,000 per unit. Strong in-place rents with room to increase them and excellent value-add potential through upgrades and remodeling. Currently, the highest cap rate in the market. Residents enjoy amenities such as on-site parking and a laundry room while being a short walk away from the downtown.
Location
State CA
County San Mateo
Interior
Heating Electric
Cooling None
Read Less
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