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22022687
22022701

1775 Marco Polo Way, Burlingame, CA 94010

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$16,498,000
467 days on market
Updated 5 days ago

40 Multi-Family Units in Premier Location

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,400
Units 40
Cap Rate 5.75%
NOI $948,773
Year Built 1957
Year Renovated 2022
Buildings 2
Acreage 0.900

Multifamily | 40 Units | Extensive Capital Improvements

Marketing description

The Batlin Group is pleased to present 1775 Marco Polo Way, a well-maintained and recently upgraded 40-unit multifamily property situated on a sprawling 0.9-acre lot in the highly desirable city of Burlingame, California.

The property features a diverse unit mix that caters to a wide range of tenants:

  • 12 Studios

  • 24 One-Bedroom/One-Bathroom Units

  • 4 Two-Bedroom/Two-Bathroom Units

VALUE-ADD OPPORTUNITY

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.

CURRENT OCCUPANCY WITH IMMEDIATE UPSIDE

Currently 30 of 40 units are occupied, leaving 14 vacant units primed for renovation and re-leasing at premium rates. This built-in vacancy provides the new owner immediate value-add execution, enabling quick rent growth and accelerated stabilization in Burlingame’s high-demand rental market.

EXTENSIVE CAPITAL IMPROVEMENTS

The current owner has invested heavily in significant upgrades, enhancing the property’s overall condition and reducing deferred maintenance.

Additional Amenities:

  • Each unit comes with one covered carport space and an individual storage locker, providing residents with convenience and security.

  • The property also boasts a swimming pool, offering tenants a desirable amenity for relaxation and recreation.

Strategically located in a thriving rental market, 1775 Marco Polo Way offers an exceptional opportunity for investors to acquire a value-add asset with a blend of immediate cash flow potential and long-term growth.

Don’t miss this rare chance to own a high-performing multifamily property in one of the Peninsula's most sought-after locations.

Listing Contacts

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$948,773.00
$79,064.42/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Philip Batlin
License
CA01873218
Name
Sam Runco
License
CA 01977683
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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