- $18.6M Price
- .89 Acres
- 176 DOM
1775 Marco Polo Way
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.
Essential Information
- MLS® #ML81995355
- Price$18,620,000
- Bathrooms0.00
- Acres0.89
- Year Built1957
- TypeCommercial Sale
- StatusActive
Community Information
- Address1775 Marco Polo Way
- Area699 - Not Defined
- CityBurlingame
- CountySan Mateo
- Zip Code94010
Amenities
- UtilitiesOther
- Parking Spaces40
Interior
- CoolingNone
Exterior
- RoofTar/Gravel
School Information
- DistrictOther
Additional Information
- Date ListedFebruary 25th, 2025
- Days on Market176
- ZoningR3
Listing Details
- AgentSam Runco
- OfficeMarcus & Millichap
Price Change History for 1775 Marco Polo Way, Burlingame, (MLS® #ML81995355)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $19,000,000 to $18,620,000 | ||
| Price Reduced from $19,500,000 to $19,000,000 | ||
| Price Reduced from $20,000,000 to $19,500,000 |
Sam Runco, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of August 31st, 2025 at 9:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.