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1249-1265 Oak Grove Ave
Burlingame, CA 94010
Multifamily Property For Sale
·
17 Units
Investment Highlights
- Rare Value-Add Investment: Nearly 40% upside in rents with strong long-term income growth
- Two Separate Buildings: 17-units totaling 17,576 sf on a large lot within the Downtown Specific Plan zone
- Recent Capital Improvements: Dual pane windows, fresh exterior paint, and upgraded flooring in 11 units with hardwood or luxury vinyl plank
- Prime Location: 1/2 mile walk from Downtown Burlingame and adjacent to Hillsborough
- Desirable Unit Mix: (1) 2BD/1.5BA, (1) 2BD/1BA, and (15) 1BD/1BA
- Close to Major Employers: Minutes from Mills-Peninsula Medical Center, biotech firms, and San Francisco International Airport
Property Facts
| No. Units | 17 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 17,576 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1954 |
| Zoning | R30000 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 17,576 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | R30000 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 650 |
| 2+1 | 1 | - | 900 |
Property Taxes
| Parcel Number | 029-131-400 | Improvements Assessment | $346,909 |
| Land Assessment | $272,983 | Total Assessment | $619,892 |
Property Taxes
Parcel Number
029-131-400
Land Assessment
$272,983
Improvements Assessment
$346,909
Total Assessment
$619,892
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