Burlingame Multifamily Investment
2 Arundel Road, Burlingame, CA 94010
Six-unit multifamily property in a desirable Burlingame location.
Type:Commercial
Property size:
7,182 SFPrice / SF:
$514/SF- Added:
- Jul 14, 2025
- Days on Market:
- 321
- 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 agent VIC AENLLE,CCIM
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
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.
- Six dedicated garage spaces for tenants.
- Low‑maintenance landscaping and on‑site laundry.
- Separately metered gas and electric utilities.
Overview
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.
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 |
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Burlingame
- County
- San Mateo
- State
- California
- Longitude
- -122.337
- Latitude
- 37.5787
Nearby Similar for Sale
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.
