1775 Marco Polo Way Burlingame, CA 94010
Property Features for 1775 Marco Polo Way
General Information
- Standard status
- Active
- Size
- 23,075 SF
Building Details
- Year built
- 1957
Source:
Corcoran
Listing Agency: MARCUS & MILLICHAP Listing Agent: Sam Runco
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. 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 this generational multifamily asset in one of the Peninsulas most sought-after locations.
Location Intelligence
Current Use by Public Records
YM Construction Services
Construction Company
Marco Polo Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Burlingame
- County
- San Mateo
- State
- California
- Longitude
- -122.386267
- Latitude
- 37.5907855
Nearby Similar for Sale
FAQs
Where is this apartment building located?
The property is located at 1775 Marco Polo Way Burlingame, CA.
What is the asking price?
The asking price for this property is $16,980,000.
What are key features of this property?
This property features: - Significant rental upside potential through unit upgrades.; - Extensive capital improvements completed.; - Diverse unit mix: studios, one-bedroom, and two-bedroom units.
