Burlingame CA Real Estate & Commercial for Sale

Rarely Available, A+ Broadway Burlingame Location. Walk to Broadway Shops and Cal-Train Station. Walk Score: 89, Bike Score: 81. Spacious 1 Bedroom / 1 Bath Units w/ Desirable Floorplans - Offering Possibility to Convert to 2 Bedroom / 1 Bath Floorplans to Increase NOI & Cap Rate. Low Operating Expense Ratio (30%). Individual Water Heaters (1 for Each Unit). Potential to Add Dishwashers and In-Unit Washer & Dryers. R-3 Zoning: Parcel Offers Medium/High Density Residential Development Potential in the Future. Capital Improvements Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Potential to Convert 6 Covered Carports (w/ 7' 6" ceiling) to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each). Consistently Strong Rents Driven by Convenient Location and Low-Supply Constraints. Strong Rental Demand. Easy Access to El Camino Real, 101, 280, and Major Silicon Valley Employers. Current CAP Rate (In-Place Rents): 3.75% / GRM (In-Place Rents): 17.6. Pro-Forma CAP Rate (Market Rents): 4.70% / GRM (In-Place Rents): 15. Reasonable Cost/SF: $613/SF. Please DO NOT DISTURB Tenants. Thank you!

200k Reduction! Generational Oppty to Acquire an Irreplaceable Downtown Burlingame Location. Walkscore: 97. Howard Ave (1 Blk), Burlingame Ave (2 Blks), Caltrain Burlingame (2 Blks). VERY Large, SPACIOUS Units: 2 BR/2 BA (911 SF to 945 SF), 1 BR/1 BA (540 SF to 600 SF). First Time on Market in 50+ Years. Excellent Unit Mix: Six (6) 2 BR/2 BA, Three (3) 1 BR/1 BA Units. Potential to Achieve $6+/SF Rents w/ Apartment Home/Condo-Quality Finishes onUnit Turns. Top To Bottom Elevator Access (Out of Order But Can Be Restored). Potential to Convert 9 Carports to 3 ADU's (1 BR or 2 BR Units @ +/- 648 SF Each). 3 Additional ADU's Equate to $118,000 ($9,900/Month). R-4-I Zoning: High Density Residential w/ Incentive Overlay (Less Than 1/2 Mile From CalTrain), Offers Max. Density of 80 Units/Acre (Build 13 Units). R-4-I Tier 1 Height Limit: Up to 46 Ft. (5 Stories). Assemblage Oppty for Larger Project. Low Operating Expense Ratio (29%). Tenants Pay In-Unit PG & E. Potential for Investors to Implement Full RUBS Programs or Monetize Parking. In-Place CAP Rate: 3.68%/GRM: 16.6. Pro-Forma (Market) CAP Rate: 6.35%/11.5 GRM. Actual Rentable Interior SF: 7,296 SF (Based on In-Unit Measurement). Cost Per Actual RentableSF: $651/SF. PLEASE DO NOT DISTURB TENANTS.

Outstanding Corner Development Opportunity in Prime Burlingame Location! Rare chance to acquire three contiguous legal parcels totaling approx. 0.9 acres of vacant land on a prominent corner along El Camino Realone of Burlingame's most traveled corridors. This high-visibility site is directly across from Mills-Peninsula Medical Center and Burlingame Plaza (home to Starbucks, Lunardi's, CVS, and more), placing it at the heart of a thriving, amenity-rich area. Just minutes from the Millbrae Intermodal Station, SFO, and major highways, the location offers seamless connectivity for both local and regional access. Zoned for commercial, residential, multi-family, or mixed-use development, this blank canvas presents an unparalleled opportunity for developers and investors to bring a visionary project to life in one of the Peninsulas most dynamic markets. Corner exposure, excellent foot and vehicle traffic, and proximity to major employment hubs make this site ideal for medical, retail, hospitality, or high-density housing. Capitalize on strong demographics, prime frontage, and a high-demand locationthis is a rare development gem with limitless potential.