5-Unit Apartment
For Sale
$1,598,000
8 Howard Ave, Burlingame, CA 94010
A compact multifamily property combines studio residences with a larger two-bedroom unit in Burlingame.
Property Size4,215 SF
Price / SF$379.12
Days on Market9
Property Features for 8 Howard Ave
General Information
Standard status
Active
Size
4,215 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x Studio, 1 x 2BR/1BA
Multifamily Units
5
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Listing Agency:
Garrison Properties
Listed By:
Robert Garrison, Robert Garrison · License #01989778
(650) 755-2969
Source:
Matterogers
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 11:03PM
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 Garrison Properties
Investment Insights
Based on property information with market context.
This 4,215-square-foot apartment property, built in 1950, contains five residences: four studios and one two-bedroom, one-bath unit. All five units are occupied, and the mix includes both studio and larger-format living space.
The property is at 8 Howard Ave in Burlingame, with access to Highway 101 and other major commuter routes. Nearby amenities include parks, schools, and the downtown Burlingame dining and retail corridor.
The property is at 8 Howard Ave in Burlingame, with access to Highway 101 and other major commuter routes. Nearby amenities include parks, schools, and the downtown Burlingame dining and retail corridor.
Key Highlights
- Five residential units: four studios and one two‑bedroom, one‑bath apartment
- All five units are occupied
- 4,215 square feet; built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,720
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,294,400
$2.3M
Cap Rate 7%
$1,638,857
$1.6M
Cap Rate 9%
$1,274,667
$1.3M
Market Conditions
NOI Build-Up for 4,215 SF
Gross rent
$220.0K $52.20/SF
− Vacancy
−$11.4K −$2.71/SF
EGI
$208.6K $49.49/SF
− OpEx
−$93.9K −$22.27/SF
NOI
$114.7K $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%
$2,294,400
Cap Rate 7%
$1,638,857
Cap Rate 9%
$1,274,667
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,720 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,362 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,031
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A compact multifamily property combines studio residences with a larger two-bedroom unit in Burlingame.
Where is this apartment building located?
The property is located at 8 Howard Ave Burlingame, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Five residential units: four studios and one two‑bedroom, one‑bath apartment; All five units are occupied; 4,215 square feet; built in 1950
