Burlingame Multifamily Investment
2 Arundel Road Burlingame, CA 94010
For Sale
$3,695,000
Six-unit multifamily property in a desirable Burlingame location.
Property Size7,182 SF
Price / SF$514.48
Days on Market377
Property Features for 2 Arundel Road
General Information
- Standard status
- Active
- Size
- 7,182 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency:
COLDWELL BANKER REALTY
(650) 596-5400
Listed By:
VIC AENLLE,CCIM
Source:
Corcoran
Added: Jul 14, 2025
Changed: Jul 6
Last Checked: Jul 25 at 5:31AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in Burlingame, California, 2 Arundel Road is a multifamily property featuring six units. The building has a total area of approximately 7,182 square feet and is situated on a lot of approximately 6,205 square feet. The unit mix includes four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property includes six dedicated garage spaces and on-site laundry facilities. Gas and electric utilities are separately metered. The landscaping is designed for low maintenance.
Key Highlights
- Prime location in Burlingame, a highly desirable Bay Area rental market.
- Strong current income with significant pro‑forma rent upside potential.
- Desirable unit mix of (4) 1‑bed/1‑bath and (2) 2‑bed/1‑bath units.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $374.9k | $52.20 |
| − Vacancy | −$19.5k | −$2.71 |
| EGI | $355.4k | $49.49 |
| − OpEx | −$159.9k | −$22.27 |
| NOI | $195.5k | $27.22 |
7,182 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,473 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.70M
$4.99M – $6.66M
NOI $399,332 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in a desirable Burlingame location.
Where is this apartment building located?
The property is located at 2 Arundel Road Burlingame, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Prime location in Burlingame, a highly desirable Bay Area rental market.; Strong current income with significant pro‑forma rent upside potential.; Desirable unit mix of (4) 1‑bed/1‑bath and (2) 2‑bed/1‑bath units.
