MultiFamily Property Listed at 1775 Marco Polo Way
$18,620,000
1775 Marco Polo Way, Burlingame, CA 94010
21,400 SF
Square Feet
$870
PPSF
40
Units
400.0K
PPU
4.72%
CAP
Property Description
Units
40 — PPU: 400.0K
NOI
$878,169
Cap Rate
4.72%
Marcus & Millichap is pleased to present 1775 Marco Polo Way, a well-maintained and recently upgraded 40-unit multifamily property situated on a sprawling 0.9-acre lot in the highly desirable city of Burlingame, California.
The property features a diverse unit mix that caters to a wide range of tenants:
-12 Studios
-24 One-Bedroom/One-Bathroom Units
-4 Two-Bedroom/Two-Bathroom Units
The property offers significant upside potential for investors looking to capitalize on Burlingame’s strong rental demand.
Strategically located in a thriving rental market, 1775 Marco Polo Way offers an exceptional opportunity for investors to acquire a value-add asset with a blend of immediate cash flow potential and long-term growth.
Don’t miss this rare chance to own a high-performing multifamily property in one of the Peninsula’s most sought-after locations.
Property Details
Asset Type
MultiFamily
Year Built
1957
Acres
1
Neighborhood
Ray Park
Submarket
Burlingame
ZIP
94010
Renovated
2023
Listing Type
sale
Net Operating Income (NOI)
$1,393,215
Debt Service Coverage Ratio (DSCR)
1.32x
Cap Rate
7.48%
Cash Flow (Annual)
$333,995
Cash-on-Cash Return
7.17%
Monthly Debt Service
$88,268
Annual Debt Service
$1,059,220
View on Map
Address
1775 Marco Polo Way
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Burlingame MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
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