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. 24 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.
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Listing Snapshot
Price
$18,620,000
Days On Site
174 Days
Bedrooms
N/A
Inside Area (SqFt)
23,075 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.8931 Acres
Year Built
1957
MLS® Number
ML81995355
Status
Active
Property Tax
$207,929
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
7 days ago
Listing updated with changes from the MLS®
2 weeks ago
Status changed to Active
2 months ago
Price changed to $18,620,000
6 months ago
Listing first seen on site
General Features
Acres
0.8931
Disclosures
None
Foundation
Other
Parking
Covered
Parking Spaces
40
Property Sub Type
Multi Family
Security
Other
Sewer
Other
SqFt Total
23075
Utilities
Other
Zoning
R3
Interior Features
Heating
Other
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Exterior Features
Pool Features
Fenced
Roof
Tar/Gravel
Community Features
School District
San Mateo Union High
Schools
School District
San Mateo Union High
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listed by of Sam Runco of Marcus & Millichap 6507593414
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MLS Listings, Inc..
Last checked: 2025-08-19 08:45 AM UTC
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