$5,200,000
$5,500,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
10,001 Sqft Lot
SOLD DATE : 06/21/2022
Key Details
Sold Price $5,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81879289
Sold Date 06/21/22
HOA Y/N No
Year Built 1924
Annual Tax Amount $63,663
Lot Size 10,001 Sqft
Property Description
20 Highland Avenue offers an investor the unique opportunity to acquire a truly unique Trophy Asset in an A+ Burlingame location with tremendous rental upside potential. Charming 1924 vintage architecture. All units benefit from extensive high-end renovations. Mix: (1) 2x1, (2) 1x1, (4) Jr 2x1s, (4) Jr 1x1s. Tenants walk into a secured interior corridor building with a fully updated entryway, stairwells and hallways. Recent upgrades include new dual pane windows throughout, new interior & exterior paint schemes, all units offer updated modern kitchens with a built-in work space, new countertops, cabinets, stainless steel appliances & lighting, renovated bathrooms with new quartz surround tubs, new luxury vinyl hardwood floors throughout and brand new washers & dryers in the Laundry Facility. The oversized lot consists of 15 open spaces in a large parking area and two 1-car garages at the front of the building that are each rented for $500 per month.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 15
Building
Lot Description Level
Water Public
Schools
School District Other
Others
Tax ID 029242180
Security Features Security Lights
Financing Conventional
Special Listing Condition Standard
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Bought with Steve Zirelli • Cornish & Carey Commercial