1404 Floribunda Ave
Burlingame, CA 94010
$34,200,000
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0 Beds
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0 Baths
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55,082 SqFt
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Prestigious Pride of Ownership Asset in Downtown Burlingame - Investors have the rare opportunity to acquire a 76-unit apartment community located on two contiguous parcels situated two blocks from Downtown Burlingame. Exceptional Value-Add Opportunity - Purchaser has the opportunity to achieve significant rental premiums through interior and exterior renovations. Attractive Community Amenities - 1239 Oak Grove Ave & 1404 Floribunda Ave offers residents attractive community amenities including laundry facilities, picnic area and private parking. Substantially Large Parcels - The subject property is situated on two adjacent parcels of land totaling nearly 1 acre offering buyers the opportunity for development potential.
- Price:
- $34,200,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- 55,082
- Acreage:
- 0.97
- Year Built:
- 1958
- MLS #:
- ML81923599
- Street Address:
- 1404 Floribunda Ave
- City:
- Burlingame
- State:
- CA
- Postal Code:
- 94010
- County:
- San Mateo
- Area:
- Burlingame Downtown Area
- Listing Status:
- For Sale - Active
Building
- Age Of Dwelling:
- 65
- Foundation:
- Concrete Slab
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 55082
- Type Of Roof:
- Flat /
Low Pitch
- Unit2 Bedrooms:
- 1
- Year Built:
- 1958
Business
- Annual Insurance Expenses:
- 32326
- Annual Maintenance Expenses:
- 38000
- Annual Management Expenses:
- 51166
- Capitalization Rate:
- 2.89
Land
- Conforms To Zoning:
- X
- Lot Square Footage:
- 42209.00
- Total Available Acres:
- 0.9690
Money
- Property Taxes:
- $385,531
Structures
- Garage Description:
- Assigned Spaces, Carport
Systems
- Existing Water:
- Public
- Heating:
- Wall Furnace
- Sewage Type:
- Sewer Connected
- Utilities:
- Individual Electric Meters, Individual Gas Meters
Source
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Listing Provided By: Robert Johnston 650-391-1744 with Marcus & Millichap
This data is up-to-date as of June 5, 2023.
