CA > Burlingame
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$19,500,000
Est. payment /mo
0.89 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81995355

HOA Y/N No

Year Built 1957

Annual Tax Amount $220,012

Lot Size 0.893 Acres

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 40

Utilities Available Other

Roof Type Tar/Gravel

Total Parking Spaces 40

Building

Water Other

Schools

School District Other

Others

Tax ID 025142020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sam Runco • Marcus & Millichap
agent-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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