1416 Floribunda Ave
Size: 9 Units
Price: $5,100,000
Marcus & Millichap is pleased to present 1416 Floribunda Avenue, a trophy apartment complex situated in a prime Burlingame location a few steps away from Burlingame Avenue. The property is exceptionally well maintained, offering an investor a turn-key apartment complex in central Burlingame. The property sits on a 10,584 SF lot (.24-acres) offering (8) one-bedroom units and (1) two-bedroom unit with spacious floorplans and interior upgrades. Its proximity to major employment centers like Silicon Valley and San Francisco will continue to attract professionals seeking convenience and accessibility. Commuters will benefit from being located less than a ½-mile from Burlingame Caltrain Station. The property is exceptionally well-located steps away from Burlingame Avenue offering upscale dining, shopping, and entertainment options against the backdrop of tree-lined streets and historic architecture. The unique location, paired with a trophy asset such as 1416 Floribunda, will provide strong appreciation potential making this an attractive opportunity for investors. The limited supply of housing in Downtown Burlingame, combined with high demand, creates a competitive rental market where landlords will continue to command higher rents due to low vacancy. Real estate in the area has historically proven to be a sound long-term investment, offering both income generation and capital appreciation
Highlights
Rare opportunity to own investment property on the coveted Floribunda Avenue
Located 0.3 miles from Downtown Burlingame’s upscale restaurants and Boutique shops
Close proximity to major employment centers like Silicon Valley and San Francisco
High rent submarket offering income generation and appreciation potential