$3,535,000
$3,664,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
5,749 Sqft Lot
SOLD DATE : 09/12/2019
Key Details
Sold Price $3,535,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81756131
Sold Date 09/12/19
HOA Y/N No
Year Built 1957
Annual Tax Amount $41,881
Lot Size 5,749 Sqft
Property Description
*Financials Based on Pro Forma Numbers. A+ downtown Burlingame location with tremendous upside in one of the most sought after sub-markets in the country. Broadway Apartments is a stunning 8-unit apartment building located at 1123 Chula Vista Avenue, in the world-class city of Burlingame, CA. The subject property is situated on a 0.13-acre parcel of land with a gross building area of approximately 4,144 square feet. The asset offers an investor a strong unit mix consisting of (8) studios, ideal for the young professional working in Silicon Valley. The property is well positioned in one of the Bay Areas most desirable cities. The building sits mere blocks away from both a Caltrain Station as well as the Broadway retail corridor. Free Trolley Service is steps away from the property providing transportation to and from nearby Downtown Burlingame, with its high-end shopping, dining and entertainment options.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 026192040
Financing Cash
Special Listing Condition Standard
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Bought with Adam S. Levin • Marcus & Millichap