Fourplex with Four-Car
For Sale
$2,700,000
200 Anita Road, Burlingame, CA 94010
Recently painted property includes shared outdoor space and additional off-street parking.
Property Size3,009 SF
Days on Market237
Property Features for 200 Anita Road
General Information
Standard status
Active
Size
3,009 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
shared outdoor patio
Floor Furnace
Wall Furnace
Washer/Dryer
Public Utilities, Water - Public, Rolled/Hot Mop
Building Details
Building Size
3,009 SF
Year Built
1946
Listing Agency:
Christie's International Real Estate Sereno
Listed By:
Laura Bertolacci · License #00868180
(650) 575-3822
Source:
Kw
Added: Feb 25
Changed: Oct 19
Last Checked: Oct 19 at 4:27AM
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 Christie's International Real Estate Sereno
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Investment Insights
Based on property information with market context.
Built in 1946, this fourplex offers a two-bedroom, one-bath unit mix alongside two one-bedroom, one-bath residences. The property has been recently painted and includes shared outdoor patio access, a four-car garage, and additional off-street parking. Interior features include floor and wall furnaces along with washer and dryer equipment. Public water and other public utilities serve the property.
Three units are vacant, providing flexibility for an owner’s leasing approach. The property is within walking distance of downtown Burlingame, Caltrain, Washington Park, and Burlingame schools, placing everyday amenities, transit, recreation, and educational facilities nearby.
Three units are vacant, providing flexibility for an owner’s leasing approach. The property is within walking distance of downtown Burlingame, Caltrain, Washington Park, and Burlingame schools, placing everyday amenities, transit, recreation, and educational facilities nearby.
Key Highlights
- Fourplex with two 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- Three vacant units
- Four‑car garage plus additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,441
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,820
$1.7M
Cap Rate 7%
$1,249,157
$1.2M
Cap Rate 9%
$971,567
$971.6K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$133.6K $44.40/SF
− Vacancy
−$8.7K −$2.89/SF
EGI
$124.9K $41.51/SF
− OpEx
−$37.5K −$12.45/SF
NOI
$87.4K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,820
Cap Rate 7%
$1,249,157
Cap Rate 9%
$971,567
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,441 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,896 @ 7.0% cap · market cap 3.03%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,306 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,930
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Recently painted property includes shared outdoor space and additional off-street parking.
Where is this quadplex located?
The property is located at 200 Anita Road Burlingame, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Fourplex with two 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; Three vacant units; Four‑car garage plus additional off‑street parking
