55 El Camino Real Burlingame, CA 94010

This exceptional 18-unit apartment building, located at 55 El Camino Real in Burlingame, California, presents a compelling investment opportunity. Recently reduced in price, this four-story building boasts a total of 20,888 square feet and sits on a 0.26-acre lot. The property has been under the same private ownership for 49 years, demonstrating its enduring appeal and stable tenancy. The unit mix comprises fifteen one-bedroom units and three two-bedroom, two-bathroom units, catering to a diverse range of renters. Residents enjoy convenient amenities including a refreshing swimming pool, a relaxing sundeck, secure underground parking, a convenient elevator for easy access to all floors, and added storage space for personal belongings. A built-in trash chute further enhances the building's practicality and convenience. Its prime location offers unparalleled access to the vibrant Burlingame Avenue, home to a wide array of shops and restaurants, making it highly desirable for tenants. This property represents a rare chance to acquire a well-maintained, established multifamily building in one of Burlingame's most sought-after neighborhoods. The asking price is $7,595,000.