Listed by MKD Group
$1,395,000
451-453 Rollins Road
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,996
Units 2
Cap Rate 2.88%
NOI $45,896
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $60,266
Price per SqFt $699
Class B
Year Built 1944
Buildings 1
Stories 1
Lot Size (SqFt) 5,525
Zoning Burlingame R-2 (verify)
Parking Spaces 2 spaces
Parking Per SqFt 1.00
Investment Type Stabilized
Multifamily | 2 Units
Marketing description
MKD Group Realty is pleased to exclusively offer 451-453 Rollins Road, a two-unit single-story residential investment property in Burlingame's Lyon Hoag neighborhood. The property is being offered at $1,600,000 and consists of two side-by-side 2-bedroom / 1-bath cottages, each with a private fenced yard and a dedicated garage. Both units are leased with stable tenants in place, generating $5,595 per month in scheduled rent. With Burlingame's exceptional mid-Peninsula location, restrictive supply of small-lot multifamily, and historically tight market for two-unit product, the offering presents a stabilized cash-flowing asset with measurable rent upside.
Investment highlights
- Burlingame Address. Mid-Peninsula location with award-winning Burlingame schools, a vibrant downtown, and quick access to SFO, Highway 101, and Caltrain.
- 100% Occupied with Long-Term Tenants. Both units leased; Unit 451 since 2017, Unit 453 since 2023 — immediate, stable day-one cash flow.
- Turnkey Condition. Both 2BR/1BA units have been thoughtfully refreshed with modern finishes throughout, delivering the kind of turnkey condition that attracts quality long-term tenants and commands top-of-market rents.
- True Two-Unit Product. Side-by-side single-story cottages on a corner parcel — a configuration that lives like single-family but underwrites like multifamily.
- Private Yards, Garages & In-Unit Laundry. Both units include a fenced private outdoor space, a dedicated garage, and in-unit laundry — a rare amenity stack for Bay Area duplex stock that supports premium rents at turnover.
- Low-Cost Ownership Profile. Each unit is separately metered — tenants pay their own gas, electric, water, and garbage, leaving the owner with only insurance, taxes, and minimal common-area expense.
Listing Contacts
Listed by MKD Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,896.00
$3,824.67/mo
Valuation Metrics
0
DSCR
3.29%
Cap Rate
3.29%
ROI
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