$20,000,000
23,075 Sqft
38,904 Sqft

1775 Marco Polo Way, Burlingame, CA 94010

  • Commercial Sale Property Type
  • 2 Days Days On Market
  • 1957 Year Built
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. 18 of the units are leased under the Abode Housing program, ensuring guaranteed rental payments, reduced turnover risk, and stable tenancy. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. Many units have been renovated, offering modernized living spaces. 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 a high-performing multifamily asset in one of the Peninsulas most sought-after locations.

Basic Details
Commercial Sale
Other
For Sale
ML81995355
$20,000,000
2
23,075 Sqft
1957
38,904 Sqft
0.89 Acre
Active
Features
: Other
: None
: Other
: Covered
: Tar/Gravel
Address Map
CA
San Mateo
Burlingame
94010
Marco Polo Way
1775
W123° 36' 49.7''
N37° 35' 27.2''
R3
Additional Info
Marcus & Millichap
Sam Runco
sam.runco@marcusmillichap.com
Active
For Sale
Price History
02/25/2025
$20,000,000
$0
Additional Information
23075
Listing Information
2025-02-26T13:25:02Z
Philip Batlin
Marcus & Millichap
BayEast
MLL480525
MLL88226
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    Srinivas Sanigepalli
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    Sriram Akella
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    Puja Gupta
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