USACABurlingame1116 Douglas Ave
1116 Douglas Ave, Home with 0 bedrooms, 0 bathrooms and 1 parking in Burlingame CA | Image 1
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$2,900,000

1116 Douglas Ave, Burlingame, CA

Real Estate

Sold

$--,---,---
$2,900,000
001
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $32,384
Approx. Age 1936
MLS® Number ML82010264

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

The Coeur d'Alene Apartments are a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2, 900, 000 ($290, 000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.Show Description
MLS® NumberML82010264
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1936
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatRadiant
A/C
Heating Fuel

Extras

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