8-Unit Multifamily
New
For Sale
$4,900,000
1441 Bellevue AVE, Burlingame, CA 94010
A front building and three detached rear cottages are connected by a pedestrian bridge.
Property Size7,722 SF
Days on Market6
Property Features for 1441 Bellevue AVE
General Information
Standard status
Active
Size
7,722 SF
Property subtype
FiveOrMoreUnits
Units
Unit Mix
3 x cottage, 5 x residence
Multifamily Units
8
Additional Details
Public Transit
Yes
Building Details
Building Size
7,722 SF
Year Built
1936
Buildings
4
Listing Agency:
CBRE, Inc.
Listed By:
Adam Foley · License #02144332
(408) 893-8063
Source:
Johnpaye
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 8:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.
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Investment Insights
Based on property information with market context.
This 8-unit multifamily property in Burlingame was built in 1936. Its residential layout includes five units in the front building and three cottages at the rear, reached by a pedestrian bridge.
Downtown Burlingame is nearby, with shopping, dining, entertainment, and other amenities. Burlingame Caltrain Station is within 0.5 miles, and the property has access to local public schools.
Downtown Burlingame is nearby, with shopping, dining, entertainment, and other amenities. Burlingame Caltrain Station is within 0.5 miles, and the property has access to local public schools.
Key Highlights
- Eight residential units: five in the front building and three rear cottages
- Rear cottages are accessed by a pedestrian bridge
- Built in 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,170
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,203,400
$4.2M
Cap Rate 7%
$3,002,429
$3.0M
Cap Rate 9%
$2,335,222
$2.3M
Market Conditions
NOI Build-Up for 7,722 SF
Gross rent
$403.1K $52.20/SF
− Vacancy
−$21.0K −$2.71/SF
EGI
$382.1K $49.49/SF
− OpEx
−$172.0K −$22.27/SF
NOI
$210.2K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,203,400
Cap Rate 7%
$3,002,429
Cap Rate 9%
$2,335,222
Alternative Uses
Best Use
Apartment 5plus
$3.00M
$2.63M – $3.50M
NOI $210,170 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.13M
$5.37M – $7.16M
NOI $429,357 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 94010, CA
44,045
Population
17,834
Households
2.5
Avg Household Size
42
Median Age
69%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,917
Density / Sq Mi
$191,758
Median Household Income
$101,100
Median Earnings
$2,655
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A front building and three detached rear cottages are connected by a pedestrian bridge.
Where is this multifamily property located?
The property is located at 1441 Bellevue AVE Burlingame, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Eight residential units: five in the front building and three rear cottages; Rear cottages are accessed by a pedestrian bridge; Built in 1936
