1140 El Camino Real, Burlingame, CA 94010

• 4,883 sqft

Property Description

A+ LOCATION! HUGE Upside w/ Spacious Units. Easy to Lease and Manage. Rarely Available. Walk to Broadway Shops and Cal-Train Station. Walk Score: 90, Bike Score: 81. 6-Units w/ Strong Historical Tenancy, Low Turnover and Little to No Vacancy. 6 Spacious 1 BR/1 BA Units w/ Desirable Floorplans. Low Operating Expense Ratio (30%). Tenants Pay In-Unit PG & E and Reimburse Owner for Water. Potential to Implement Full RUBS Program. Add Dishwashers and In-Unit Washer & Dryers, Conduct Minor In-Unit Upgrades to Achieve Higher Market Rent/Higher CAP Rate. First Time on Market in 13 Years. R-3 Zoning: Offers Medium/High Density Residential. Excellent Long-Term Development/Assemblage Potential. Front of Property Offers 3 Easy to Access, Uncovered Parking Spaces. Adjacent Properties (Chase Bank & USPS) Offer Temp. Overflow Parking for Visitors. Potential to Convert 6 Covered Carports to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each) on Ground Floor. 2 Additional Ground Floor ADU's Offer $600,000 ($5,000/Month). Cap. Ex. Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Strong Rents Driven by Convenient Location and Low-Supply. Consistently Strong Rental Demand. Proven Track-Record of Reliable Incoming Generation. Please DO NOT DISTURB TENANTS.

Listing Status:

Active

Date Added:

September 26, 2025 at 05:00AM

Listing Office:

Colliers Parrish International, Inc. : 408-282-3800

Listing Agent:

Don Sung : 650-380-5188

MLS ID:

ML82022957

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 3

Construction

• Roofing: Other

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_MLSL
• School District: Other
• County: San Mateo

Lot

• Zoning: R-3 Medium/High Density R026212230

Utilities

• Water: Public

Financial

• Source: CRMLS_MLSL

This listing courtesy of Don Sung, Colliers Parrish International, Inc.