1123 Chula Vista Ave, Burlingame, CA 94010

$3,895,000
4,144
SqFt
List Price
$3,895,000
MLS#
ML81737772
Status
ACTIVE
Sqft. of Residence
4,144
Lot Size
5,750
Listing Area
Burlingame Terrace-Easton Addition
Year Built
1957

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)

Additional Information

Acres
0.132
Age
62
Cooling System
None
Foundation
Concrete Perimeter and Slab
Garage Parking
Carport
Heating System
Gas
Living Area
4,144
Lot Size
5,750
Neighborhood
Burlingame Terrace-Easton Addition
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Fiberglass, Shingle
Sewer
Sewer - Public
Special Features
Parking, Wheelchair Access
Unincorporated Yn
Yes
Zoning
Multi Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Matthew Thomson from Newmark Cornish & Carey

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