1123 Chula Vista Ave

    Burlingame, CA 94010
    • $3,895,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: ML81737772
    UPDATED: 135 min ago
    $3,895,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,144
      SQFT
    • $940
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    1123 Chula Vista Avenue offers an investor the unique opportunity to acquire an apartment building in an A+ downtown Burlingame location with tremendous upside potential in one of the most sought after submarkets in the country. Chula Vista consists of 8 large Studio units ideal for the young professional working in Silicon Valley. Two of the eight units have been fully renovated and achieved top of the market rent with high end tenant profiles. Six units have rents drastically below market presenting an ideal add-value opportunity for a new owner. The building also benefits from brand new exterior paint, dual pane windows and landscaping. (Interior pics shown are of 2 renovated units)

    Monthly Payment Calculator



    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-02-15T23:49:33.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

    Licensed in the State of California.
    www.thegilmartins.com/homes/91580358

    1123 Chula Vista Ave Burlingame, CA 94010

    • Price: $3,895,000
    • Status: Active
    • Updated: 135 min ago
    • ID#: ML81737772
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,144
    SQFT
    $940
    $/SQFT
    1957
    Built
    Neighborhood:
    Burlingame Terrace-Easton Addition
    County:
    San Mateo
    Area:
    Burlingame Terrace-Easton Addition
    Property Description
    1123 Chula Vista Avenue offers an investor the unique opportunity to acquire an apartment building in an A+ downtown Burlingame location with tremendous upside potential in one of the most sought after submarkets in the country. Chula Vista consists of 8 large Studio units ideal for the young professional working in Silicon Valley. Two of the eight units have been fully renovated and achieved top of the market rent with high end tenant profiles. Six units have rents drastically below market presenting an ideal add-value opportunity for a new owner. The building also benefits from brand new exterior paint, dual pane windows and landscaping. (Interior pics shown are of 2 renovated units)
    Exterior Features

    Foundation Concrete Perimeter And Slab Garage Parking Carport Number Of Buildings 1 Pool YN No Roof FiberglassShingle Units In Complex Min 8

    Interior Features

    Cooling None Heating Gas Sq Ft Unit1 400 Structure Sq Ft 4144

    Property Features

    Accessibility Features ParkingWheelchair Access Additional Listing Info Not Applicable City Name Burlingame Hoa YN No Lot Size Area Maximum 5750.00 Meters Separate ElectricSeparate Gas Rent Unit1 1210 Restrictions None Security Features Fire Alarm Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Public Zoning Multi Family

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Matthew Thomson of Newmark Cornish & Carey.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-02-15T23:49:33.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

    Licensed in the State of California.
     
    The Gilmartin Group
    330 Primrose Rd #512
    Burlingame CA, 94010