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33202265
33202251

1120 Chula Vista Avenue, Burlingame, CA 94010

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$2,300,000
7 days on market
Updated 3 days ago

1120 Chula Vista Avenue

Details
APN 026-191-170
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,922
Units 6
Cap Rate 3.42%
NOI $78,567
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.33%
Pro-Forma NOI $122,508
Price per SqFt $586
Year Built 1914
Acreage 0.130
Ownership Fee Simple

Multifamily | 6 Units | $383,333/unit

Marketing description

The Zurich Group of Marcus & Millichap is pleased to present 1120 Chula Vista Avenue, a well-located six-unit apartment community in the highly desirable Burlingame market. Situated on a beautiful tree-lined street, the property offers an attractive residential setting just steps from the vibrant Broadway Avenue retail corridor - one of Burlingame's premier shopping and dining destinations. Its prime Peninsula location places it approximately one mile north of downtown Burlingame and within close proximity to a wide array of shops, restaurants, and entertainment options.

The property consists of four (4) Studio units and two (2) 1-Bedroom x 1-Bathroom units, situated on a 5,750 square foot lot with approximately 3,922 square feet of rentable building area. The unit mix appeals to a broad tenant base, including young professionals and commuters seeking convenient access to major employment hubs. Additional amenities include three (3) garages in total, comprised of two (2) two-car garages and one (1) single-car garage, offering valuable on-site parking in a supply-constrained market.

1120 Chula Vista Avenue offers excellent commuter accessibility, located just 0.2 miles from the Broadway Caltrain Station and providing seamless connectivity between San Francisco and San Jose. The property's proximity to major transit options makes it an ideal choice for tenants working across the Peninsula and Silicon Valley. With its desirable location, functional unit mix, and strong commuter appeal, 1120 Chula Vista Avenue represents an excellent opportunity to acquire a well-positioned asset in one of the Peninsula's most sought-after rental markets.

Investment highlights

  • Six (6)-Unit Apartment Community in Prime Burlingame Location
  • Three (3) Garages: Two (2) Two-Car & One (1) Single-Car Garage
  • 0.2 Miles to Broadway Caltrain Station
  • Roof Replaced 2021
  • Electrical Upgraded 2025

Listing Contacts

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,567.00
$6,547.25/mo

Valuation Metrics

0
DSCR
3.42%
Cap Rate
3.42%
ROI

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Additional Information

Name
Mitchell Zurich
License
CA 01870648
Brokerage
Marcus & Millichap
Brokerage Phone
6503911824
Title
Senior Managing Director
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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