Log In/Sign Up
Your email has been sent.
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
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2 Arundel Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.