1028 Chula Vista Avenue Burlingame, CA 94010

Active

$2,688,000

Units

Beds

Baths

5,750 Area(sq.ft.)

5,750 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
0	0				$ 0	$ 0	$ 0

MLS #:	81958303ML
Days On Market:	29
County:	San Mateo
Property Type:	Residential Income
Price per ft²:	$ 467
Year Built:	1978

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows offering abundant natural light. There are dual pane windows in 3 of the 4 units and an abundance of parking with 5 carports, and a large private two-car garage. All units have storage and access to the on-site coin-operated laundry room. Sewer lateral compliance certified in 2023, and a new water heater was installed in 2023. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down

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Income Details

Cap Rate:	2.07%
Gross Rent Multiplier:	25.45

Structure

Security Features:	None
Sewer:	Sewer Connected, Sump Pump
Water:	Public

Land & Parking

Zoning:	R30000
Parking Garage:	Assigned, Attached, Carport

Interior

Cooking Appliances:	Cooktop - Electric, Oven-Electric
AC/Cooling:	None
Equipment:	Dishwasher, Garbage Disposal, Refrigerator
Heating:	Electric
Interior Features:	Cathedral-Valuted Ceilings
Kitchen Features:	Varies by Unit
Laundry:	Coin Operated