$ 3,950,000
-
$3,950,000
Price -
0
Bed - Bath
-
8,000
SqFt
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About the Listing ML88226 - ML5068288,ML480525
Pleased to present the opportunity to acquire 1131-1137 California Drive, a two-story mixed-use building located in the heart of Burlingame, California. This approximately 8,034 square foot property, built in 1962 on a 5,750 square foot lot, features a blend of commercial and residential spaces, offering stable in-place income with upside potential. The ground floor is fully leased to two established retail tenants: a nail salon (Burlingame Nail Care) and an auto body shop, providing reliable cash flow. The second floor consists of two recently renovated 2-bedroom, 1-bathroom residential units, both currently vacant and ready for immediate occupancy or leasing at market rates. The property is zoned CMU (California Drive Mixed Use). The zoning is designed to foster vibrant, pedestrian friendly development along California Drive. The zoning encourages a blend of commercial, retail, office, and residential uses to create a dynamic urban environment. The zoning supports diverse businesses, housing options, and community spaces while adhering to development standards that ensure capability with the surrounding area. The seller recently did a feasibility study which shows redevelopment plans for a three story, 10-room hotel.
Listing Highlights for 1131 California Dr
Status
Active
Days on Site
40
Property Type
Commercial Sale
MLS ®
ML82021556
Year Built
1962
Total Square Footage
8,000
Lot/Acreage
N/A
County
San Mateo
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: CMU
- Roof: Other
- Others:
- Sewer:
Financial Details
- Tax Amount: $44,588
- Taxes w/Assessments: N/A
- Tax/Property ID: 026191070
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Listing Location
Questions About..
1131 California Dr Burlingame, CA 94010
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