$ 18,620,000
-
$18,620,000
Price -
0
Bed - Bath
-
23,075
SqFt
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About the Listing ML88226 - ML5068288,ML480525
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. 24 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.
Listing Highlights for 1775 Marco Polo Way
Status
Active
Days on Site
194
Property Type
Commercial Sale
MLS ®
ML81995355
Year Built
1957
Total Square Footage
23,075
Lot/Acreage
N/A
County
San Mateo
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 40
- Zoning: R3
- Roof: Tar/Gravel
- Others:
- Sewer:
Financial Details
- Tax Amount: $207,929
- Taxes w/Assessments: N/A
- Tax/Property ID: 025142020
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1775 Marco Polo Way Burlingame, CA 94010
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