Burlingame Multifamily Investment
Arundel Road, Burlingame, CA 94010
Six-unit multifamily property in a desirable Burlingame location.
Type:Commercial
Property size:
7,182 SFLot size:
0.14 AcresPrice / SF:
$514/SF- Added:
- Jul 7, 2025
- Days on Market:
- 328
- Last Refresh:
- Apr 5 at 8:55 pm
Property Features for Arundel Road
General Information
- Standard status
- Active
- Size
- 7,182 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing agent VIC AENLLE,CCIM
Listing office COLDWELL BANKER REALTY (650) 596-5400
Listing date Jul 7, 2025
Source Corcoran
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 COLDWELL BANKER REALTY
HighLights
- Exceptional 6‑unit multifamily investment property in Burlingame, a highly desirable Bay Area rental market.
- Strong current income with clear upside potential through pro‑forma rent increases.
- Desirable unit mix: four 1‑bed/1‑bath and two 2‑bed/1‑bath units.
- Features six dedicated garage spaces.
- Low‑maintenance landscaping.
- Separately metered gas and electric utilities.
Overview
Located in Burlingame, California, 2 Arundel Road is a 6-unit multifamily property containing 7,182 square feet of space on a 6,205 square foot lot. The unit mix includes four 1-bed/1-bath units and two 2-bed/1-bath units. The property features six dedicated garage spaces, on-site laundry, and low-maintenance landscaping. Gas and electric utilities are separately metered. This property presents an opportunity for long-term cash flow in a high-demand submarket.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $374.9k | $52.20 |
| − Vacancy | −$19.5k | −$2.71 |
| EGI | $355.4k | $49.49 |
| − OpEx | −$159.9k | −$22.27 |
| NOI | $195.5k | $27.22 |
7,182 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,473 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.70M
$4.99M – $6.66M
NOI $399,332 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Burlingame
- County
- San Mateo
- State
- California
- Longitude
- -122.337
- Latitude
- 37.5787
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in a desirable Burlingame location.
Where is this apartment building located?
The property is located at Arundel Road Burlingame, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Exceptional 6‑unit multifamily investment property in Burlingame, a highly desirable Bay Area rental market.; Strong current income with clear upside potential through pro‑forma rent increases.; Desirable unit mix: four 1‑bed/1‑bath and two 2‑bed/1‑bath units.
