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 Market135
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, Inc.
Listed By:
Adam Foley · License #02144332
(408) 893-8063
Source:
Cbre
Added: Jun 2
Changed: Oct 4
Last Checked: Oct 12 at 4:41PM
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, Inc.
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 / Yr
$83,257
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
