1500 Newlands Avenue Burlingame, CA 94010
Listing Courtesy of: San Francisco Association Of Realtors / Coldwell Banker Realty / Kevin Caravelli

  1500 Newlands Avenue Burlingame, CA 94010

Active (92 Days)
$12,250,000
26
BED
25,767
SQFT

Description

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.

MLS #:
424023977
Lot Size
0.35 acres
Type
Multifamily
Year Built
1967
County
San Mateo County

Listed By

Kevin Caravelli, DRE #01988049 CA, Coldwell Banker Realty
Source
San Francisco Association Of Realtors
Last checked Jul 14 2024 at 6:07 PM PDT
Bathroom Details
Lot Information
  • Landscape Front
Garage
  • Garage
Parking
  • Underground
  • Garage Door Opener
  • Total: 24
Stories
  • 0
Living Area
  • 25,767 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 18, 2024
Price Changed
$12,250,000
-4%
-500,000
Apr 01, 2024
Original Price
$12,750,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings on this page identified as belonging to another listing firm are based upon data obtained from SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Data Last Updated 7/14/24 11:07.