1775 Marco Polo Way

Burlingame, CA 94010

$20,000,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1957

calendar_month Built

Open Houses

Next available: Tuesday, March 4th, 2025 1:30 pm - 3:00 pm

Save to Open House Schedule

calendar_month Friday, March 7th, 2025

11:30 am - 12:30 pm • Save to Open House Schedule

calendar_month Tuesday, March 11th, 2025

11:30 am - 12:30 pm • Save to Open House Schedule

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Listing Information

List Price $20,000,000
Status Active
MLS ML81995355
HOA $0
Type Commercial
Year Built 1957
Lot Size 38,904
Structure Size N/A
DOM 1
Courtesy Of Marcus & Millichap
Listing Agent Sam Runco DRE#01977683
Co-Listing Agent Philip Batlin DRE#01873218

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Maps

home_work Nearby Properties

Listing information courtesy of: Sam Runco, Philip Batlin, Marcus & Millichap 650-759-3414. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 27th, 2025 at 12:58 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.