1416 Floribunda Ave
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1416 Floribunda Ave
9 Unit Apartment Building $7,066,152 CAD ($785,128 CAD/Unit) 3.80% Cap Rate Burlingame, CA 94010
INVESTMENT HIGHLIGHTS
- Well located on prestigious Floribunda Avenue
- Steps away from Burlingame Avenue offering upscale dining, shopping, and entertainment options
EXECUTIVE SUMMARY
Marketing Package available upon request with additional details -- 1416 Floribunda Avenue is a trophy 9-unit apartment complex situated in a prime Burlingame location a few steps away from Burlingame Avenue. The property is exceptionally well maintained, offering an investor a turn-key apartment complex in central Burlingame. The property sits on a 10,584 SF lot (. 24-acres) offering (8) one-bedroom units and (1) two-bedroom unit with spacious floor-plans and interior upgrades. Its proximity to major employment centers like Silicon Valley and San Francisco will continue to attract professionals seeking convenience and accessibility. Commuters will benefit from being located less than ½-mile from Burlingame Caltrain Station.
PROPERTY FACTS
| Price | $7,066,152 CAD | Building Class | C |
| Price Per Unit | $785,128 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 8,344 SF |
| Cap Rate | 3.80% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low Rise |
| Price | $7,066,152 CAD |
| Price Per Unit | $785,128 CAD |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,344 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.08/1,000 SF |
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+2 | 1 | - | - |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 029-131-290 | Improvements Assessment | $5,876,380 CAD |
| Land Assessment | $2,524,082 CAD | Total Assessment | $8,400,462 CAD |
PROPERTY TAXES
Parcel Number
029-131-290
Land Assessment
$2,524,082 CAD
Improvements Assessment
$5,876,380 CAD
Total Assessment
$8,400,462 CAD
ZONING
| Zoning Code | R3 |
| R3 |
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1416 Floribunda Ave
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