225 - 227 Anita Rd., Burlingame, CA
Size: 4 units
Price: $2,495,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 225 - 227 Anita Rd., a 4 unit multifamily property in Burlingame, CA. This is a tremendous opportunity for an investor to enter one of the most coveted markets in the Bay Area.

225 - 227 Anita Rd. is a 4 unit property located near Downtown Burlingame. The unit mix consists of (1) Studio and (3) one bedroom / one bathroom. The property sits on a 0.17 acre (7,500 SqFt) lot. Among the amenities are ample parking spaces and its location, as it allows for easy access to not just Downtown but also the surrounding communities.

Located near Downtown Burlingame, residents of 225 - 227 Anita Rd. are close to several points of interest. Within walking distance are over 50 shops and services that include Chase, the Apple Store, Mollie Stone’s Markets, and the Burlingame Public Library. Also within walking distance is the Burlingame CalTrain Station which offers a direct ride to either San Jose or San Francisco. Residents and property owners will benefit in the coming years thanks to the Town Square Project, a proposed 6 story mixed -use office building and a town square. Additionally, in March 2023, work began in the Burlingame Bayshore Waterfront Development that will bring two life-science towers of 121-foot and 135-foot each to the city’s waterfront. The buildings will have a combined 476,000 square feet of class A laboratory and office space and are just part of numerous other projects proposed along Burlingame’s waterfront.

Positioned between San Francisco and San Jose, Burlingame is a sought-after destination for investors and residents. It’s also one of the most expensive cities with the average median home price being over $2.51M (as of November 2023). The price along with current interest rates, limited inventory, and intense competition places homeownership out of reach for most residents. This creates a robust tenant base.

Highlights

  • ADU conversion potential of four garages, or conversion of 225 A/B into single-family home.

  • Property has undergone several stages of intensive renovation since 2015.

  • Every unit has under gone some level of renovation.

  • Units 225 A/B have in-unit Laundry; Unit 227A/B have an attached laundry room.

  • Current and proposed developments will bring skilled and high wage earning employees to the area.

  • Downtown Burlingame is a short walk away, which has over 50 restaurants and services that include Philz Coffee and the Apple Store.

  • Located in one of the most desired locations due to its proximity to San Francisco and the South Bay while a short distance from some of the largest companies based in the Peninsula.