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$ 2,498,800
Est. payment /mo
Open Sat 2PM-4PM
1116 Chula Vista AVE Burlingame, CA 94010
2,795 SqFt
Open House
Sat May 30, 2:00pm - 4:00pm
Sun May 31, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,795 sqft
Price per Sqft $894
MLS Listing ID ML82048163
HOA Y/N No
Year Built 1941
Annual Tax Amount $29,385
Lot Size 5,749 Sqft
Property Sub-Type Triplex
Property Description
A true investors gem a rare opportunity offering exceptional five-digit monthly rental income! Beautifully renovated 3-unit apartment building located in the heart of downtown Burlingame in an exceptionally desirable location. Nestled on a quiet, charming street, yet within walking distance to dozens of restaurants, Starbucks, grocery stores, banks, Caltrain, fitness centers, childcare facilities, and top-rated schools. Designed for easy ownership with low yard maintenance, the property features an ideal unit mix of two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All units have been tastefully updated, equipped with A/C, and are currently operated by professional property management as either Airbnb rentals or occupied by long-term tenants with extremely low to no vacancy. Perfect for a large or multi-generational family seeking both togetherness and privacy while generating strong rental income, or for investors looking for exceptional cash flow and rare-to-find rental returns. Don't miss this incredible opportunity- see it before it's gone!
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning RM0000
Interior
Heating Wall Furnace
Cooling Central Air
Flooring Wood
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Composition
Accessibility Other
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 026191160
Special Listing Condition Standard
Listed by Nancy Shen Compass #02072962