About 508 El Camino Real
508 El Camino Real is an eight-unit multifamily property located two blocks from Burlingame Avenue. Excellent price per unit at less than $400,000 per unit. Strong in-place rents with room to increase them and excellent value-add potential through upgrades and remodeling. Currently, the highest cap rate in the market. Residents enjoy amenities such as on-site parking and a laundry room while being a short walk away from the downtown. OPEN HOUSE on Wednesday Oct 29th & Friday Oct 31st from 12pm to 1pm.
Features of 508 El Camino Real
| MLS® # | ML82025573 |
|---|---|
| Price | $3,198,000 |
| Square Footage | 8,607 |
| Acres | 0.19 |
| Year Built | 1976 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 508 El Camino Real |
|---|---|
| Area | Burlingame Downtown Area |
| City | BURLINGAME |
| County | San Mateo |
| State | CA |
| Zip Code | 94010 |
Amenities
| Utilities | Individual Electric Meters |
|---|---|
| Parking Spaces | 3 |
| Is Waterfront | No |
Interior
| Heating | Electric Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Flat/Low Pitch |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | R30000 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Carlos Azucena |
|---|---|
| Office | Marcus & Millichap |
| Contact Info | 408-205-2679 |