About 1140 El Camino Real
A+ LOCATION! HUGE Upside w/ Spacious Units. Easy to Lease and Manage. Rarely Available. Walk to Broadway Shops and Cal-Train Station. Walk Score: 90, Bike Score: 81. 6-Units w/ Strong Historical Tenancy, Low Turnover and Little to No Vacancy. 6 Spacious 1 BR/1 BA Units w/ Desirable Floorplans. Low Operating Expense Ratio (30%). Tenants Pay In-Unit PG & E and Reimburse Owner for Water. Potential to Implement Full RUBS Program. Add Dishwashers and In-Unit Washer & Dryers, Conduct Minor In-Unit Upgrades to Achieve Higher Market Rent/Higher CAP Rate. First Time on Market in 13 Years. R-3 Zoning: Offers Medium/High Density Residential. Excellent Long-Term Development/Assemblage Potential. Front of Property Offers 3 Easy to Access, Uncovered Parking Spaces. Adjacent Properties (Chase Bank & USPS) Offer Temp. Overflow Parking for Visitors. Potential to Convert 6 Covered Carports to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each) on Ground Floor. 2 Additional Ground Floor ADU's Offer $600,000 ($5,000/Month). Cap. Ex. Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Strong Rents Driven by Convenient Location and Low-Supply. Consistently Strong Rental Demand. Proven Track-Record of Reliable Incoming Generation. Please DO NOT DISTURB TENANTS.
Features of 1140 El Camino Real
| MLS® # | ML82022957 |
|---|---|
| Price | $2,995,000 |
| Square Footage | 4,883 |
| Acres | 0.14 |
| Year Built | 1952 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 1140 El Camino Real |
|---|---|
| City | Burlingame |
| County | San Mateo |
| State | CA |
| Zip Code | 94010 |
Amenities
| Parking | Assigned |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Cooling | None |
| Fireplace | No |
Additional Information
| Date Listed | September 26th, 2025 |
|---|---|
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Don Sung |
|---|---|
| Office | Colliers Parrish International, Inc. |