1249 Oak Grove AVE, Burlingame, CA 94010
- $6,280,000
- 17,576
- SqFt
Listed by David Katz, 408-758-0718 from Magnify Real Estate
(If provided) CoList: Kyle De Mattei from Magnify Real Estate
Sold listing courtesy of David Katz from DYNA8
- Sold Price
- $6,280,000
- List Price
- $6,280,000
- Closing Date
- Dec 01, 2025
- MLS#
- ML82020759
- Status
- SOLD
- Sqft. of Residence
- 17,576
- Lot Size
- 19,007
- Listing Area
- Burlingame Downtown Area
- Year Built
- 1954
Property Description
Magnify is pleased to present 1249-1265 Oak Grove Avenue in Burlingame, a rare value-add opportunity to acquire a 17-unit multifamily asset in one of the most desirable neighborhoods on the San Francisco Peninsula. Built in 1954, the property features two separate buildings totaling 17,576 square feet, situated on a large 19,007 square foot lot within the Downtown Specific Plan zone. The unit mix includes (15) 1BD/1BA, (1) 2BD/1BA, and (1) 2BD/1.5BA with nearly 40% upside in rents. Recent capital improvements include dual pane windows throughout, fresh exterior paint, and upgraded flooring in 11 units with hardwood or luxury vinyl plank. The property is located just a 1/2 mile walk from Downtown Burlingame, and adjacent to Hillsborough, Californias second most affluent city. It is near major employers such as Mills-Peninsula Medical Center, leading biotech firms, and San Francisco International Airport. The area offers a vibrant lifestyle with boutique shopping, dining, parks, and cultural attractions including Bayfront Park and the Burlingame Museum of Pez Memorabilia. With strong demographics, low vacancy rates, and excellent connectivity to both San Francisco and Silicon Valley, this asset is well-positioned for long-term income growth and future redevelopment potential.
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Additional Information
- Acres
- 0.44
- Age
- 71
- Cooling System
- None
- Foundation
- Concrete Slab, Post and Pier
- Garage Parking
- Carport
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Coin Operated, Washer / Dryer
- Living Area
- 17,576
- Lot Size
- 19,007
- Neighborhood
- Burlingame Downtown Area
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Polyurethane
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R30000
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