Five-Unit Apartment
For Sale
$1,305,683
731 Rollins Road, Burlingame, CA 94010
Well-maintained multifamily property with covered parking, private storage, and shared laundry facilities.
Property Size3,059 SF
Price / SF$426.83
Days on Market90
Property Features for 731 Rollins Road
General Information
Standard status
Active
Size
3,059 SF
Total Parking Spaces
4
Property subtype
Multifamily
Units
Unit Mix
1 x studio, 1 x 1BR, 3 x 2BR
Multifamily Units
5
Amenities
common laundry room
Building Details
Year Built
1953
Listing Agency:
CBRE - San Jose
(408) 893-8063
Listed By:
Adam Foley · License #02144332
(408) 893-8063
Source:
Cbre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 30 at 2:08PM
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 - San Jose
Investment Insights
Based on property information with market context.
This five-unit apartment building in Burlingame was constructed in 1953 and offers a practical mix of residential layouts: one studio, one one-bedroom unit, and three two-bedroom units. The 3,059-square-foot property has been maintained over time, with select residences featuring updated kitchens, countertops, cabinetry, and bathrooms.
Resident amenities include four covered carport spaces, private storage associated with the carports, and a common laundry room. The property is located at 731 Rollins Road in Burlingame, California.
Resident amenities include four covered carport spaces, private storage associated with the carports, and a common laundry room. The property is located at 731 Rollins Road in Burlingame, California.
Key Highlights
- Five‑unit apartment building with one studio, one one‑bedroom, and three two‑bedroom units
- 3,059 square feet built in 1953
- Select units feature upgraded kitchens, countertops, cabinets, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,257
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,665,140
$1.7M
Cap Rate 7%
$1,189,386
$1.2M
Cap Rate 9%
$925,078
$925.1K
Market Conditions
NOI Build-Up for 3,059 SF
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.
Gross rent
$159.7K $52.20/SF
− Vacancy
−$8.3K −$2.71/SF
EGI
$151.4K $49.49/SF
− OpEx
−$68.1K −$22.27/SF
NOI
$83.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,665,140
Cap Rate 7%
$1,189,386
Cap Rate 9%
$925,078
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,257 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.83M
NOI $170,086 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,842
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with covered parking, private storage, and shared laundry facilities.
Where is this apartment building located?
The property is located at 731 Rollins Road Burlingame, CA.
What is the asking price?
The asking price for this property is $1,305,683.
What are key features of this property?
This property features: Five‑unit apartment building with one studio, one one‑bedroom, and three two‑bedroom units; 3,059 square feet built in 1953; Select units feature upgraded kitchens, countertops, cabinets, and bathrooms
