Address not disclosed, Burlingame, CA 94010
$5,200,000
$5,500,000
5.5%
Est.Price: ?

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10,001 Sqft Lot

Address not disclosed Burlingame, CA 94010

Est. payment /mo
SOLD DATE : 06/21/2022

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Key Details

Sold Price $5,200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81879289

Sold Date 06/21/22

HOA Y/N No

Year Built 1924

Annual Tax Amount $63,663

Lot Size 10,001 Sqft

Property Description

20 Highland Avenue offers an investor the unique opportunity to acquire a truly unique Trophy Asset in an A+ Burlingame location with tremendous rental upside potential. Charming 1924 vintage architecture. All units benefit from extensive high-end renovations. Mix: (1) 2x1, (2) 1x1, (4) Jr 2x1s, (4) Jr 1x1s. Tenants walk into a secured interior corridor building with a fully updated entryway, stairwells and hallways. Recent upgrades include new dual pane windows throughout, new interior & exterior paint schemes, all units offer updated modern kitchens with a built-in work space, new countertops, cabinets, stainless steel appliances & lighting, renovated bathrooms with new quartz surround tubs, new luxury vinyl hardwood floors throughout and brand new washers & dryers in the Laundry Facility. The oversized lot consists of 15 open spaces in a large parking area and two 1-car garages at the front of the building that are each rented for $500 per month.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Flat

Total Parking Spaces 15

Building

Lot Description Level

Water Public

Schools

School District Other

Others

Tax ID 029242180

Security Features Security Lights

Financing Conventional

Special Listing Condition Standard

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Listed by Matthew Thomson Newmark Cornish & Carey #01471708
Bought with Steve Zirelli Cornish & Carey Commercial
Jessica Lam

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