1775 Marco Polo WAY, Burlingame, CA 94010 - MLS#ML81995355

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Sam Runco • Marcus & Millichap

$ 17,500,000

Est. payment | -/mo

3 Beds

3 Baths

23,075 SqFt

Save

$ 17,500,000

Est. payment | -/mo

Save

3 Beds

3 Baths

23,075 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 23,075 sqft

Price per Sqft $758

MLS Listing ID ML81995355

Bedrooms 3

Full Baths 3

Year Built 1957

Lot Size 0.893 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

Location

State CA

County San Mateo

Area Ray Park

Zoning R3

Interior

Heating Other

Cooling None

Exterior

Parking Features Covered Parking

Garage Spaces 40.0

Pool Pool - Fenced

Utilities Available Other

Roof Type Tar and Gravel

Building

Foundation Other

Sewer Other

Water Other

Others

Tax ID 025-142-020

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1775 Marco Polo WAY Burlingame, CA 94010