About this home
Excellent five-unit investment opportunity ideally located between Downtown San Mateo and Downtown Burlingame, offering convenient access to shopping, dining, Caltrain, major transportation routes, and Peninsula employment centers. The property features two one-bedroom units, one two-bedroom unit, and two studios, with current annual rents of approximately $122,580. Several units are rented below current market levels, creating significant long-term upside through future rent growth and thoughtful renovations. Renovated market rents are projected at approximately $181,800 annually, highlighting the property's compelling value-add potential. A rare opportunity to acquire a well-located Peninsula multifamily asset with strong in-place income, below-market rents, and meaningful future upside.
- Property type
- Five Or More Units
- Lot size
- 7,500 sq ft
- Status
- Active
Listed by John Sayage, Compass. Source: MLSL. MLS #ML82060377.
Updated 9/9/2026, 2:40:14 PM PT.
MLSListings Inc. reserves the right to change details in this publication without notice. Although every precaution has been taken in the preparation of this document, MLSListings assumes no responsibility for errors or omissions. The publication and features described in this document are subject to change without notice.