236 Anita Road
Size: 7 Units
Price: $2,295,000
The Zurich Group of Marcus & Millichap has partnered with The Azucena Group to present 236 Anita Road. This is a seven-unit multifamily property located within walking distance of Downtown Burlingame. This is a lucrative opportunity for an investor to enter the Peninsula market.
236 Anita Road is a seven-unit multifamily property located in Burlingame, California. The unit mix consists of (4) Studios and (3) 1 Bedroom / 1 Bathroom. Select units have been renovated with new paint, flooring, and appliances. The property sits on a 0.12 acre (or 5,100 sq ft) lot. The exterior has also undergone renovations that include new paint and landscaping.
Located within walking distance of Downtown Burlingame, this makes 236 Anita Road a desirable place for tenants. Downtown Burlingame alone has over 50 shops, restaurants, and services. Also in the area is the Burlingame CalTrain Station which allows for easy travel through the Peninsula and to either San Francisco or San Jose. Downtown San Mateo is also a quick drive or train ride away and it has over 200 shops and restaurants.
The Peninsula is one of the most expensive regions in the United States and Burlingame is no exception. The average median income is $143,559 but the average home price is over $3 million (as of July 2024), placing homeownership out of reach for most residents. This places homeownership out of reach for most residents, which creates a robust tenant base.
Highlights
Downtown Burlingame is a short walk away
Located in a quiet neighborhood
Ample street parking
Select units have been renovated
Burlingame Caltrain is a short walk away
Fully occupied
Washington Park is within walking distance