225 Anita Road Burlingame, CA 94010
Pending
$2,298,000
8%
Units
Beds
Baths
7,405 Area(sq.ft.)
7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 81956919ML |
| Days On Market: | 38 |
| County: | San Mateo |
| Property Type: | Residential Income |
| Price per ft2: | $ 310 |
| Year Built: | 1916 |
Property Details
$200,000 Price reduction!! 225 - 227 Anita Rd. is a 4 unit property located walking distance to Downtown Burlingame and next to Washington Park. Most units extensively renovated. The unit mix consists of (3) one bed / one bath and (1) studio. The property sits on a 0.17 acre (7,500 SqFt) lot. Among the amenities are ample parking spaces and its location, as it allows for easy access to not just Downtown Burlingame but also the surrounding communities. It has undergone several stages of intensive renovation since 2015. These renovations have updated the exterior of both buildings. Select units have been updated with new wiring, flooring, fixtures, and appliances. There are also additional improvement opportunities that could increase revenue streams including converting the four garages into an ADU. Property currently receives significant rental income from the garage parking.Interested in this Listing?
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Income Details
| Cap Rate: | 3.79% |
| Gross Rent Multiplier: | 17.91 |
Structure
| Security Features: | None |
| Sewer: | Sewer - Public |
| Water: | Public |
Land & Parking
| Zoning: | RM0000 |
| Parking Garage: | Assigned, Attached, On Street |
Interior
| AC/Cooling: | Wall/Window |
| Heating: | Wall |
| Laundry: | Coin Operated, Washer/Dryer - Some Units |
Exterior
| Roof: | Shingle |
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