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Edie Israel

[email protected] +1(714) 623-3543

$ 16,980,000

Est. payment -/mo

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Price Dropped by $520K

1775 Marco Polo WAY Burlingame, CA 94010

0.89 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81995355

HOA Y/N No

Year Built 1957

Annual Tax Amount $201,929

Lot Size 0.893 Acres

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 40

Utilities Available Other

Roof Type Tar/Gravel

Total Parking Spaces 40

Building

Water Other

Schools

School District Other

Others

Tax ID 025142020

Special Listing Condition Standard

Listed by Sam Runco Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Hoover Elementary School

Public | KG - 5
9

Green Hills School

Public | KG - 5
9

Franklin Elementary School

Public | KG - 5
9

Lincoln Elementary

Public | KG - 5
9

West Hillsborough School

Public | KG - 5
9

North Hillsborough School

Public | KG - 5
8

Meadows School

Public | KG - 5
8

McKinley Elementary School

Public | KG - 5
7

Spring Valley School

Public | KG - 5
7

Roosevelt School

Public | KG - 5
6

El Crystal Elementary School

Public | KG - 5
5

Allen Elementary

Public | KG - 5
5

Lomita Park School

Public | KG - 5
4

San Mateo Park Elementary

Public | KG - 5
1

Belle Air Elementary

Public | KG - 5
0

St Robert Catholic School

Private | KG - 8
0

The Nueva School

Private | PK - 11
0

Our Lady of Angels School

Private | KG - 8
0

The Avalon Academy

Private | KG - 10
0

The Bridge School

Private | PK - 4

Middle Schools 4

9

Burlingame Intermediate

Public | 6 - 8
9

Crocker Middle School

Public | 6 - 8
7

Taylor Middle School

Public | 6 - 8
5

Parkside Middle School

Public | 6 - 8

High Schools 5

9

Mills High School

Public | 9 - 12
9

Burlingame High School

Public | 9 - 12
7

Capuchino High School

Public | 9 - 12
1

Peninsula High School

Public | 9 - 12
0

Mercy High School

Private | 9 - 12

School and business data provided by Attom Data.

Edie Israel

Agent | License ID: 01399225

+1(714) 623-3543

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Yorba Linda, CA

Edie Israel

1775 Marco Polo WAY Burlingame, CA 94010

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1775 Marco Polo WAY