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1123 Chula Vista Ave
Burlingame, CA 94010
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 4,144 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Apartment Style | Low-Rise | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | R3, Burlingame | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,144 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R3, Burlingame |
AMENITIES
UNIT AMENITIES
- Balcony
- Ceiling Fans
- Stainless Steel Appliances
- Deck
- Double Pane Windows
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
ABOUT 1123 CHULA VISTA AVE , BURLINGAME, CA 94010
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. The property presents a significant add-value opportunity for a new owner. The six un-renovated units have drastically low rents. Current owners have proven the concept for upgrading unit interiors and establishing excellent rental income. The building also benefits from brand new exterior paint, dual pane windows and landscaping. (Note: Interior Photos shown are from 2 renovated units) OPEN HOUSE TOURS: Tuesday, September 25th, 10:00am - 1:00pm and Thursday, September 27th, 1:00pm - 4:00pm. Please contact Matt Thomson at 650-515-6555 / mthomson@aranewmark.com or Co-Listing Agent Steve Zirelli at 650-224-3118 / szirelli@aranewmark.com for complete Offering Memorandum and Full Due Diligence Package / Inspections.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,830 | - |
PROPERTY TAXES
| Parcel Number | 026-192-040 | Improvements Assessment | $1,060,000 |
| Land Assessment | $1,990,000 | Total Assessment | $3,050,000 |
PROPERTY TAXES
