Listed by Marcus & Millichap - Palo Alto
$2,300,000
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
Offering Memorandum for 1120 Chula Vista Ave, Burlingame, presented by The Zurich Group at Marcus & Millichap. This 6-unit multifamily property is located in Burlingame, California.
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
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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