1116 Douglas AVE, Burlingame, CA 94010
- $2,900,000
- 5,253
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of Nate Gustavson from PAGCB
- Sold Price
- $2,900,000
- List Price
- $2,900,000
- Closing Date
- Jul 28, 2025
- MLS#
- ML82010264
- Status
- SOLD
- Sqft. of Residence
- 5,253
- Lot Size
- 9,126
- Listing Area
- Burlingame Downtown Area
- Year Built
- 1936
Property Description
The Coeur d'Alene Apartments are a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.
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Additional Information
- Acres
- 0.21
- Age
- 89
- Cooling System
- Ceiling Fan
- Floor Covering
- Hardwood, Laminate, Tile
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Carport, Covered Parking
- Heating System
- Radiant, Other
- Living Area
- 5,253
- Lot Size
- 9,126
- Neighborhood
- Burlingame Downtown Area
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- Multifamily Residential
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