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USACABurlingame1249 Oak Grove Ave
1249 Oak Grove Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Burlingame CA | Image 1
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$6,280,000

1249 Oak Grove Ave, Burlingame, CA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $71,322
Days Active 5
Approx. Age 1954
MLS® Number ML82020759

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Magnify is pleased to present 1249-1265 Oak Grove Avenue in Burlingame, a rare value-add opportunity to acquire a 17-unit multifamily asset in one of the most desirable neighborhoods on the San Francisco Peninsula. Built in 1954, the property features two separate buildings totaling 17, 576 square feet, situated on a large 19, 007 square foot lot within the Downtown Specific Plan zone. The unit mix includes (15) 1BD/1BA, (1) 2BD/1BA, and (1) 2BD/1.5BA with nearly 40% upside in rents. Recent capital improvements include dual pane windows throughout, fresh exterior paint, and upgraded flooring in 11 units with hardwood or luxury vinyl plank. The property is located just a 1/2 mile walk from Downtown Burlingame, and adjacent to Hillsborough, Californias second most affluent city. It is near major employers such as Mills-Peninsula Medical Center, leading biotech firms, and San Francisco International Airport. The area offers a vibrant lifestyle with boutique shopping, dining, parks, and cultural attractions including Bayfront Park and the Burlingame Museum of Pez Memorabilia. With strong demographics, low vacancy rates, and excellent connectivity to both San Francisco and Silicon Valley, this asset is well-positioned for long-term income growth and future redevelopment potential.Show Description
MLS® NumberML82020759
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1954
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatWall Furnace
A/CNone
Heating Fuel

Extras

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