For Sale
$2,695,000

1140 Paloma AveBurlingame, CA 94010

Prime Burlingame location, 4 units, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story apartment building, located at 1140 Paloma Ave in Burlingame, California (94010), presents a compelling investment opportunity. The property boasts four units within a single building, totaling 4,460 square feet on a 5,750 square foot lot (APN 026-193-230). Constructed in 1949, this multifamily property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $75,190, resulting in a 2.79% capitalization rate. The asking price is $2,695,000, translating to $673,750 per unit and $604.26 per square foot. Its central Peninsula location offers residents convenient access to Broadway's vibrant dining and shopping scene. This property represents a strong cash-flowing investment in a highly desirable area. The property features a total of four units spread across two stories. All units are currently occupied by tenants. This is a rare opportunity to acquire a well-maintained, fully occupied multifamily property in a prime Burlingame location.

Highlights

  • Exceptional two-story, four-unit apartment building in Burlingame, CA (94010).
  • 4,460 square feet on a 5,750 square foot lot (APN 026-193-230).
  • Built in 1949, 100% occupancy, $75,190 NOI, 2.79% cap rate.
  • Asking price: $2,695,000 ($673,750 per unit, $604.26 per square foot).
  • Prime Burlingame location near Broadway's dining and shopping.

Property Details for 1140 Paloma Ave

Property type
Apartment buildings
Square Feet
4,460 SF
Year Built
1949
Buildings
1
Stories
2
Units
4

Location Insight

City
Burlingame
County
San Mateo
State
California
Latitude
37.5855011
Longitude
-122.3644843
1140 Paloma Ave, Burlingame, California

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1140 Paloma Ave
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