Five-Unit Apartment
For Sale
$1,698,000
820 Winchester Dr, Burlingame, CA 94010
Occupied multifamily property with a varied unit mix, on-site parking, and access to downtown amenities and major commuter routes.
Property Size4,207 SF
Price / SF$403.61
Days on Market48
Property Features for 820 Winchester Dr
General Information
Standard status
Active
Size
4,207 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA, 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: Aug 28
Changed: Oct 12
Last Checked: Oct 7 at 2:41PM
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 Garrison Properties
Investment Insights
Based on property information with market context.
Built in 1950, this 4,207-square-foot apartment property at 820 Winchester Drive contains five residences: four one-bedroom, one-bath units and one two-bedroom, one-bath unit. All five units are currently occupied, and the property includes five parking spaces. The configuration supports both investment ownership and an owner-user approach, as stated in the property information.
The Burlingame location places residents near parks, schools, and the downtown corridor's dining, shopping, and neighborhood amenities. Highway 101 and other major commuter routes provide connections throughout the Bay Area.
The Burlingame location places residents near parks, schools, and the downtown corridor's dining, shopping, and neighborhood amenities. Highway 101 and other major commuter routes provide connections throughout the Bay Area.
Key Highlights
- Five‑unit apartment property with four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit
- 4,207 square feet on a 5,000‑square‑foot lot
- All five units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,502
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,290,040
$2.3M
Cap Rate 7%
$1,635,743
$1.6M
Cap Rate 9%
$1,272,244
$1.3M
Market Conditions
NOI Build-Up for 4,207 SF
Gross rent
$219.6K $52.20/SF
− Vacancy
−$11.4K −$2.71/SF
EGI
$208.2K $49.49/SF
− OpEx
−$93.7K −$22.27/SF
NOI
$114.5K $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%
$2,290,040
Cap Rate 7%
$1,635,743
Cap Rate 9%
$1,272,244
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,502 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.34M
$2.92M – $3.90M
NOI $233,917 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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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
1,842
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 - Occupied multifamily property with a varied unit mix, on-site parking, and access to downtown amenities and major commuter routes.
Where is this apartment building located?
The property is located at 820 Winchester Dr Burlingame, CA.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Five‑unit apartment property with four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit; 4,207 square feet on a 5,000‑square‑foot lot; All five units currently occupied
