55 N El Camino Real
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55 N El Camino Real
18 Unit Apartment Building $10,986,167 CAD ($610,343 CAD/Unit) 2.89% Cap Rate San Mateo, CA 94401
EXECUTIVE SUMMARY
Just reduced $400,000. This 18 unit 4 story apartment building has been privately owned by the same family for 49 years. The building features 15 one bedroom units, and 3 two bedroom, 2 bath units. Building also features a small pool, sundeck, underground parking, elevator, extra storage and a trash chute. One of the best locations in Burlingame, just a short walk to Burlingame Avenue shops and restaurants.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Title and Insurance
- Investigations
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$569,011
|
$23.24
|
| Other Income |
$6,071
|
$0.25
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$575,082
|
$23.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$239,190
|
$9.77
|
| Net Operating Income |
$335,892
|
$13.72
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $569,011 |
| Annual Per SF | $23.24 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,071 |
| Annual Per SF | $0.25 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $575,082 |
| Annual Per SF | $23.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $239,190 |
| Annual Per SF | $9.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,892 |
| Annual Per SF | $13.72 |
PROPERTY FACTS
| Price | $10,986,167 CAD | Apartment Style | Low Rise |
| Price Per Unit | $610,343 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 2.89% | Building Size | 24,489 SF |
| Gross Rent Multiplier | 20.32 | No. Stories | 3 |
| No. Units | 18 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.82/1,000 SF |
| Property Subtype | Apartment |
| Price | $10,986,167 CAD |
| Price Per Unit | $610,343 CAD |
| Sale Type | Investment |
| Cap Rate | 2.89% |
| Gross Rent Multiplier | 20.32 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 24,489 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 0.82/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+2 | 3 | - | - |
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Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 028-302-010 | Improvements Assessment | $1,108,296 CAD |
| Land Assessment | $277,042 CAD | Total Assessment | $1,385,339 CAD |
PROPERTY TAXES
Parcel Number
028-302-010
Land Assessment
$277,042 CAD
Improvements Assessment
$1,108,296 CAD
Total Assessment
$1,385,339 CAD
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Kenny Realty
55 N El Camino Real
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