Mohr Real Estate Group

Mohr Real Estate Group

1775 Marco Polo WY Burlingame CA 94010 MLS #ML81995355

1775 Marco Polo WY
Burlingame, CA, 94010
$16,498,000
Beds
0 Baths
0 SqFt
0.89 Acres
Add
Add
$16,498,000
1775 Marco Polo WY
Burlingame, CA, 94010
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Property Description


1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU’s where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don’t miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

Property Details

Price:
$16,498,000
MLS #:
ML81995355
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
699notdefined
Listed Date:
Feb 25, 2025
Total Sq Ft:
23,075
Lot Size:
38,904 sqft / 0.89 acres (approx)
Year Built:
1957
699 – Not Defined699notdefinedOther

Schools

School District:
Other

Interior

Cooling
NO

Exterior

Parking Spots
40
Parking Total
40
Roof
TARGRV

Financial

Maintenance Fee
$20,000
Taxes
$201,929
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The Mohr Real Estate Group

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