1. California
  2. Burlingame
  3. 1116 Douglas Avenue
$2,900,000

1116 Douglas Avenue, Burlingame, CA 94010

  • 5,253 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1936
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $552/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments 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.

Listing Status:
Active
Date Added:
June 9, 2025 at 05:00AM
Listing Office:
Compass : 415-874-5000
Listing Agent:
Nate Gustavson : 415-786-9410
MLS ID:
ML82010264
  • Appliances: Refrigerator
  • Flooring: HardwoodLaminateTile
  • A/C: Ceiling Fan(s)
  • Heating: RadiantOther

This listing courtesy of Nate Gustavson, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Burlingame High School

1 Mangini Way, Burlingame, CA, 94010

Grades 9-12

0.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#ML81989744 - eXp Realty of Northern California, Inc.