2 Arundel Road Burlingame, CA 94010
Six-unit multifamily property in a desirable Burlingame location.
- Added:
- Jul 14, 2025
- Days on Market:
- 366
- Last Refresh:
- May 11 at 12:10 am
Property Features for 2 Arundel Road
General Information
- Standard status
- Active
- Size
- 7,182 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing office COLDWELL BANKER REALTY (650) 596-5400
Listing date Jul 14, 2025
Source Corcoran
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.
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.
Local 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 |
