CA > Burlingame
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
Burlingame, CA 94010,1775 Marco Polo WAY
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$17,500,000
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0.89 Acres Lot
Price Dropped by $495K

1775 Marco Polo WAY Burlingame, CA 94010

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

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

CRMLS – RECore
Listed by Sam Runco Marcus & Millichap

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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1775 Marco Polo WAY

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