$2,025,000
1133 El Camino Real, Burlingame, CA 94010
1133 El Camino Real, Burlingame
5 Unit Apartment Building | Upside Potential | $2,025,000
Located a short distance to shops, restaurants of both Broadway Avenue and Burlingame Avenue, 1133 El Camino Real is a well maintained five-unit apartment building located in the prestigious city of Burlingame. Three out of the five units were recently remodeled.
Despite being previously marketed unsuccessfully by another broker, Ismael and Hanna successfully facilitated the property's sale, off-market.
The property offers a new owner approximately 37% upside in rents, upon unit turnover and annual rent increases. Three out of five of the units have been thoroughly remolded, reducing future capital expenditures for a new owner, for many years to come. The property is well located, and is one block away from the shops, restaurants, grocery stores and other amenities of Broadway Avenue. This will ensure a strong rental demand, and low vacancy for many years to come.
Key Highlights:
Buyer Representation
Off-Market Transaction
37% Upside In Rents
3 Two-Bed/One-Bath and 2 One-Bedroom/One-Bath Units
During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
