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Listed by Nate Gustavson • Compass
$ 2,900,000
Est. payment /mo
Active
1116 Douglas Avenue Burlingame, CA 94010
5,253 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,253 sqft
Price per Sqft $552
MLS Listing ID ML82010264
HOA Y/N No
Year Built 1936
Lot Size 9,126 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.
Location
State CA
County San Mateo
Interior
Heating Radiant, Other
Cooling Ceiling Fan(s)
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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