$ 6,280,000
-
$6,280,000
Price -
0
Bed - Bath
-
17,576
SqFt
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About the Listing ML5099692 - ML5092319,ML5092337
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.
Listing Highlights for 1249 Oak Grove Ave
Status
Active With Contingency
Days on Site
47
Property Type
Commercial Sale
MLS ®
ML82020759
Year Built
1954
Total Square Footage
17,576
Lot/Acreage
N/A
County
San Mateo
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: R30000
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $71,322
- Taxes w/Assessments: N/A
- Tax/Property ID: 029131400
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
1249 Oak Grove Ave Burlingame, CA 94010
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