1775 Marco Polo Way
Burlingame, CA 94010
Active for $20,000,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 38,904 sqft
| MLS | ML81995355 |
| Year Built | 1957 |
| Property Type | |
| County | San Mateo |
| Status | Active |
| Active | $20,000,000 |
| Structure Size | N/A sqft |
| Lot Size | 38,904 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Sam Runco, Marcus & Millichap 650-759-3414. *Based on information from the Association of REALTORS/Multiple Listing as of 03/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Anika Mardian
REALTOR®
Direct: 818.314.1417
Email: Email Me
DRE: 01324775
DRE #01873088
.png){kind=small}