CA > Burlingame
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
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John Fagan

John Fagan

+1(669) 303-8501
Listed by Sam Runco • Marcus & Millichap
$ 18,620,000
Est. payment | /mo

3 Beds

3 Baths

23,075 SqFt

Save
$ 18,620,000
Est. payment | /mo
Save

3 Beds

3 Baths

23,075 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 23,075 sqft

Price per Sqft $806

MLS Listing ID ML81995355

Bedrooms 3

Full Baths 3

Year Built 1957

Lot Size 0.893 Acres

Property Sub-Type Five or More Units

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Location

State CA

County San Mateo

Area Ray Park

Zoning R3

Interior

Heating Other

Cooling None

Exterior

Parking Features Covered Parking

Pool Pool - Fenced

Utilities Available Other

Roof Type Tar and Gravel

Building

Foundation Other

Sewer Other

Water Other

Others

Restrictions Other

Tax ID 025-142-020

Security Features Other

Special Listing Condition Not Applicable

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1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

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1775 Marco Polo WAY