$16,498,000

1775 Marco Polo Way, Burlingame CA, 94010

Price per sqft$714.97

Built in1957

Property size23,075 sqft

Property typeCommercial

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Overview

Active

Listed Feb 25, 2025

Updated 3 weeks ago

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. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. 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 this generational multifamily asset in one of the Peninsulas most sought-after locations.

Additional information

MLS^® ID: ML81995355

Interior Features

Bathrooms: 0

Exterior Features

Lot Size: 0.89 Acres

Other Property Details

Taxes: $201,929
Tax Frequency: Annually
Maintenance Expense: $20,000

Broker Reciprocity Courtesy of Marcus & Millichap, Sam Runco

Website E2E - Playwright - Full Name

- Phone Number

[email protected] - Email

Jim Halpert - Brokerage Name

76321 - MLS License Number

Data last updated 12:20 PM UTC, 9/13/2026

Based on information from California Regional Multiple Listing Service, Inc. as of 9/13/2026. 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.