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2 Arundel Rd 6 Unit Apartment Building $3,695,000 ($615,833/Unit) 3.15% Cap Rate Burlingame, CA 94010
Investment Highlights
- Recent upgrades in select units
- Separately Metered Gas & Electricity
- Near major employers, Schools, and Freeways
- Onsite Laundry Facility
- 5-minute walk to Downtown Burlingame
- Call listing broker for more information
Executive Summary
2 Arundel Road is a well-located six-unit multifamily property situated in the heart of Burlingame. The property consists of approximately 7,182 square feet on a 6,205-square-foot lot and features a desirable unit mix of four one-bedroom/one-bath units and two two-bedroom/one-bath units. The building offers garage parking, onsite laundry, and recent upgrades in select units. Located within walking distance of downtown Burlingame, the property benefits from a strong rental market and proximity to retail, restaurants, public transportation, and major employment centers.
Property Facts
| Price | $3,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $615,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.15% | Building Size | 7,182 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Zoning | none | ||
| Price | $3,695,000 |
| Price Per Unit | $615,833 |
| Sale Type | Investment |
| Cap Rate | 3.15% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,182 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | none |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 663 - 757 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 029-292-160 | Improvements Assessment | $3,015,246 |
| Land Assessment | $1,024,044 | Total Assessment | $4,039,290 |
Property Taxes
Parcel Number
029-292-160
Land Assessment
$1,024,044
Improvements Assessment
$3,015,246
Total Assessment
$4,039,290
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2 Arundel Rd
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