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1028 Chula Vista Avenue

Burlingame, CA 94010
  • $2,480,000
  • STATUS: Active
  • ON SITE: 266 Days
  • ID#: ML81958303
UPDATED: 46 min ago
$2,480,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,651
    SQFT
  • $533
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

School District:
Listing Agent(s): Nate Gustavson of Compass ((415) 874-5000) and Cameron Foster of Compass((415) 874-5000)


Description

Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows offering abundant natural light. There are dual pane windows in 3 of the 4 units and an abundance of parking with 5 carports, and a large private two-car garage. All units have storage and access to the on-site coin-operated laundry room. Sewer lateral compliance certified in 2023, and a new water heater was installed in 2023. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great opportunity for generational income property in one the nicest sub-markets on the Peninsula.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T17:26:55.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/148760203
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1028 Chula Vista Avenue Burlingame, CA 94010

  • Price: $2,480,000
  • Status: Active
  • On Site: 266 Days
  • Updated: 46 min ago
  • ID#: ML81958303
0
Beds
0
Baths
0
½ Baths
0.13
Acres
4,651
SQFT
$533
$/SQFT
1978
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
Property Description
Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows offering abundant natural light. There are dual pane windows in 3 of the 4 units and an abundance of parking with 5 carports, and a large private two-car garage. All units have storage and access to the on-site coin-operated laundry room. Sewer lateral compliance certified in 2023, and a new water heater was installed in 2023. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great opportunity for generational income property in one the nicest sub-markets on the Peninsula.
Exterior Features

Carport Spaces 5 Carport YN Yes Foundation Details Slab Parking Features Carport Parking Total 1 Roof FiberglassShingle View YN No

Interior Features

Accessibility Features None Appliances DishwasherElectric CooktopElectric OvenDisposalRefrigeratorSump Pump Cooling None Cooling YN Yes Flooring CarpetLaminate Heating Electric Heating YN Yes

Property Features

Association YN No Cap Rate 2.73 Garage YN Yes Gross Scheduled Income 115536 Insurance Expense 1901 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 3858 Other Expense 0 Possession Close Of Escrow Property Sub Type Quadruplex Special Listing Conditions Standard Tax Annual Amount 29020 Trash Expense 3579 Water Source Public Zoning R30000



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T17:26:55.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Nate Gustavson of Compass ((415) 874-5000) and Cameron Foster of Compass((415) 874-5000)