Active
1500 Newlands Avenue
Burlingame CA, 94010
$12,000,000
$465.71 per sqft
Active
26 Beds
25,767 sqft
Multi-family
Built in 1967
1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated kitchens feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. Bathrooms have sleek tiling with high-end shower heads and faucets. The building recently had new exterior and interior painting, brand new water-efficient landscaping, a new sewer main, and a security camera system throughout. This is a rare opportunity for investors to acquire an efficiently operated trophy property in a low-density A+ Location, on a prominent corner, just 3 short blocks from Burlingame Avenue.
424023977
MLSⓇ ID
April 1, 2024
Listed
November 22, 2024
Updated
Map
1500 Newlands Avenue
Burlingame CA, 94010
Interior Features
Total Stories
0
Bedrooms
26
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.35 Acres
Lot Features
Landscape Front
Other Property Details
Area Name
Burlingame Park
Days on Market
202
Garage
Yes
Parking
Garage Door Opener, Underground
Parking Total
24
View
No
County
San Mateo
Pool
No
Listed by Kevin S Caravelli with Coldwell Banker Commercial Realty
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 11/22/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Phil Shell | CA DRE# 01971685 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 10:32 PM UTC, 11/22/2024