Renovated Four-Unit Apartment
For Sale
$2,480,000
909 Rollins Rd, Burlingame, CA 94010
Each residence offers a two-bedroom, one-bathroom layout with recent renovations.
Property Size3,336 SF
Lot Size0.12 Acres
Price / SF$743.41
Days on Market747
Property Features for 909 Rollins Rd
General Information
Standard status
Active
Size
3,336 SF
Lot size
0.12 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,010
Building Details
Buildings
1
Listing Agency:
Jeffrey Pang & Company, Inc.
(650) 993-1900
Listed By:
July Win
(415) 244-5670
Source:
Exprealty
Added: Sep 30, 2024
Changed: Oct 5
Last Checked: Oct 15 at 12:04AM
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 Jeffrey Pang & Company, Inc.
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Investment Insights
Based on property information with market context.
Located at 909 Rollins Rd in Burlingame, this four-unit apartment property contains 3,336 square feet on a 5,250-square-foot lot. Each apartment is configured with two bedrooms and one bathroom, and the units have undergone recent renovations. Apartment 4 is renovated and ready for occupancy, while the other three apartments are leased.
The property is near Caltrain, public transportation, freeway access, shops, and restaurants. Burlingame Broadway and Burlingame Ave. are a short drive away. Residents are responsible for their own utilities, while ownership covers water, garbage, and electricity for the common areas.
The property is near Caltrain, public transportation, freeway access, shops, and restaurants. Burlingame Broadway and Burlingame Ave. are a short drive away. Residents are responsible for their own utilities, while ownership covers water, garbage, and electricity for the common areas.
Key Highlights
- Four‑unit apartment building with 3,336 square feet on a 5,250‑square‑foot lot
- Each unit includes 2 bedrooms and 1 bathroom
- 3 units are currently leased; Apt #4 is renovated and ready to be rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,943
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,938,860
$1.9M
Cap Rate 7%
$1,384,900
$1.4M
Cap Rate 9%
$1,077,144
$1.1M
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$148.1K $44.40/SF
− Vacancy
−$9.6K −$2.89/SF
EGI
$138.5K $41.51/SF
− OpEx
−$41.5K −$12.45/SF
NOI
$96.9K $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%
$1,938,860
Cap Rate 7%
$1,384,900
Cap Rate 9%
$1,077,144
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.62M
NOI $96,943 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,796 @ 7.0% cap · market cap 3.66%
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.09M
NOI $185,488 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,845
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, one-bathroom layout with recent renovations.
Where is this quadplex located?
The property is located at 909 Rollins Rd Burlingame, CA.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: Four‑unit apartment building with 3,336 square feet on a 5,250‑square‑foot lot; Each unit includes 2 bedrooms and 1 bathroom; 3 units are currently leased; Apt #4 is renovated and ready to be rented
