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1500 Newlands Avenue

Burlingame, CA 94010

26 beds
– baths
25,767 sqft
15,300 sqft lot
$465 per sqft
1967 build
– on site

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.

Listing courtesy of SFMLS / Coldwell Banker Commercial Realty

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# 424023977 —

The Building

Year Built:

1967
Year Built Source:

Assessor Auto-Fill
Levels:

Two
Building Area Total:

25767
Building Area Units:

Square Feet
Building Area Source:

Assessor Auto-Fill

Room Dimensions

Living Area:

25767
Living Area Units:

Square Feet
Living Area Source:

Assessor Auto-Fill

Location

Cross Street:

El Camino Real
Latitude:

37.57536109999999
Longitude:

-122.3469306

The Property

Parcel Number:

028292300
Property Type:

Residential Income
Property Sub Type:

Multi Family
Lot Features:

Landscape Front
Lot Size Area:

15300
Lot Size Acres:

0.3512
Lot Size Square Feet:

15300
Lot Size Units:

Square Feet
Irrigation Water Rights:

false
Elevation Units:

Feet

Listing Agent

Contact info:

Beds

Bedrooms Total:

26

The Community

Association:

false

Parking

Garage:

true
Carport:

false
Parking Total:

24
Parking Features:

Garage Door Opener
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Relisted	SFMLS	$12,000,000	-2.0%
10/8/24 Oct 8, 2024	Pending	SFMLS	$12,250,000

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This multifamily located in Burlingame Park, Burlingame, CA 94010 is currently for sale for $12,000,000. 1500 Newlands Avenue is a 25,767 square foot multifamily with 26 beds and – baths that has been on Estately for 45 days. 1500 Newlands Avenue is in the Burlingame Park neighborhood of Burlingame and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Burlingame Intermediate School, Burlingame High School, and Washington Elementary School.

Listing Courtesy of: SFMLS and Coldwell Banker Commercial Realty.

Based on information from the SFMLS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. SFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser SFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.