Theresa Carroll, DRE#01890268, REALTOR®
(720) 530-5098
MLS#ML82043505
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Colliers Parrish International, Inc.
Agency Phone: 408-282-3800
Associate Name: Don Sung
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Theresa Carroll, DRE#01890268, REALTOR®
Property Description
Rarely Available, A+ Broadway Burlingame Location. Walk to Broadway Shops and Cal-Train Station. Walk Score: 89, Bike Score: 81. Spacious 1 Bedroom / 1 Bath Units w/ Desirable Floorplans - Offering Possibility to Convert to 2 Bedroom / 1 Bath Floorplans to Increase NOI & Cap Rate. Low Operating Expense Ratio (30%). Individual Water Heaters (1 for Each Unit). Potential to Add Dishwashers and In-Unit Washer & Dryers. R-3 Zoning: Parcel Offers Medium/High Density Residential Development Potential in the Future. Capital Improvements Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Potential to Convert 6 Covered Carports (w/ 7' 6 ceiling) to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each). Consistently Strong Rents Driven by Convenient Location and Low-Supply Constraints. Strong Rental Demand. Easy Access to El Camino Real, 101, 280, and Major Silicon Valley Employers. Current CAP Rate (In-Place Rents): 3.75% / GRM (In-Place Rents): 17.6. Pro-Forma CAP Rate (Market Rents): 4.70% / GRM (In-Place Rents): 15. Reasonable Cost/SF: $613/SF. Please DO NOT DISTURB Tenants. Thank you!
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Wall Furnace
Lot Size: 0.14 Acres
Roof Type: Foam
Taxes: $34,793
Year Built: 1952
Feature Descriptions
Days on Site: 2
Lot: Level
Parcel#: 026212230
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Colliers Parrish International, Inc.
Agency Phone: 408-282-3800
Agent Name: Don Sung
Shown By
Agent Name: Theresa Carroll, DRE#01890268, REALTOR®
Agent Phone: (720) 530-5098
Agency Title: Farrell Smyth, Inc.
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1140 El Camino Real | MLS# ML82043505
This commercial property located at 1140 El Camino Real, Burlingame, CA 94010 is currently listed for sale with an asking price of $2,995,000. El Camino Real is located within the Other school district. Search Burlingame real estate on theresacarroll.farrellsmyth.com today.