1500 Newlands Avenue, Burlingame, CA 94010 (MLS # 424023977)
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1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated kitchens feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. Bathrooms have sleek tiling with high-end shower heads and faucets. The building recently had new exterior and interior painting, brand new water-efficient landscaping, a new sewer main, and a security camera system throughout. This is a rare opportunity for investors to acquire an efficiently operated trophy property in a low-density A+ Location, on a prominent corner, just 3 short blocks from Burlingame Avenue.
| DAYS ON MARKET | 48 | LAST UPDATED | 4/13/2024 |
|---|---|---|---|
| YEAR BUILT | 1967 | COMMUNITY | Burlingame Park |
| COUNTY | San Mateo | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | Burlingame Park |
|---|---|
| LOT | 0.3512 acre(s) |
| LOT DESCRIPTION | Landscaped |
| PARKING | Garage Door Opener, Underground |
| STORIES | 2 |
MORTGAGE CALCULATOR
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Listing provided by Kevin S Caravelli, Coldwell Banker Commercial Realty
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted.
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