We're pleased to share the successful closing of 129 Anita Road in Burlingame, a classic 1917 multifamily property situated in one of the Peninsula’s most coveted and supply-constrained rental markets.

This five-unit building offered a rare blend of walkability, charm, stable income, and long-term appreciation—driving strong interest from investors seeking well-located assets in Burlingame’s high-demand corridor.

Ideally situated near Downtown Burlingame, Downtown San Mateo, SFO, and major Silicon Valley employment hubs, this asset offered a versatile unit mix consisting of (3) studios and (1) two-bedroom/one-bath unit—appealing to both owner-users and

Property Highlights:

• Premier Burlingame location near dining, cafés, retail, and Caltrain
• Five-unit configuration: (3) 1BD/1BA, (1) 2BD/1BA, and (1) studio
• 4,451 SF building on a 7,500 SF lot
• Cap Rate: 4.55% | NOI: $90,033
• Strong local demographics with average household incomes exceeding $200K within a half-mile radius
• Stable rental demand fueled by proximity to San Francisco, Silicon Valley, and top-rated schools
• Tree-lined residential neighborhood with excellent commuter access
• Classic architecture with enduring tenant appeal
• Positioned for both steady income and long-term value growth

129 Anita Road delivered immediate income from a diverse tenant mix while offering investors significant appreciation potential in a city known for minimal multifamily turnover. Burlingame’s walkability, vibrant downtown, and proximity to leading employers continue to make it one of the most desirable rental markets in the Bay Area.

This successful closing reflects continued demand for well-maintained, centrally located multifamily properties on the Peninsula.