1113 Chula Vista Avenue

Burlingame, CA 94010

$3,600,000
Price
Beds
10,450 Sq. Ft.
$344 / Sq. Ft.
10,450
Sq. Ft.
$344
per Sq. Ft.

Description

1113 Chula Vista Ave is an exceptional 8-unit investment opportunity located in the thriving city of Burlingame, California. Situated on a parcel of land totaling 5,750 square feet, the subject property was originally constructed in 1946 and has a gross building area of approximately 10,450 square feet, offering its tenants beautifully designed one-bedroom floor plans. The property is equipped with a completely upgraded electrical system throughout the building. The subject property is situated just...1113 Chula Vista Ave is an exceptional 8-unit investment opportunity located in the thriving city of Burlingame, California. Situated on a parcel of land totaling 5,750 square feet, the subject property was originally constructed in 1946 and has a gross building area of approximately 10,450 square feet, offering its tenants beautifully designed one-bedroom floor plans. The property is equipped with a completely upgraded electrical system throughout the building. The subject property is situated just over one block from the Broadway Caltrain Station, fostering connectivity to the entire Bay Area. Additionally, 1113 Chula Vista Ave is approximately three miles from the San Francisco International Airport allowing tenants to easily travel across state borders and internationally. The subject property is also nearby Downtown Burlingame and the Broadway Business District. Both districts feature a growing variety of locally owned businesses, shops, and boutiques, along with many restaurants and cafes.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1113 Chula Vista Avenue

MLS City Name
BURLINGAME
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/07/2024 12:10 PM

Property Details for 1113 Chula Vista Avenue

StatusActive
MLS #ML81986005
Days on Compass41
Taxes$41,086 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1946
Lot Size0.13 AC / 5,750 SF
CountySan Mateo County

Building Information for 1113 Chula Vista Avenue

Stories-Residences-Year Built1946Building Size-Lot Size0.13 AC / 5,750 SF

Property Information for 1113 Chula Vista Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 10450
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Burlinhome / Easton Add #2 / #3 / #5
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1113
  • Street Name: Chula Vista
  • Street Suffix: Avenue
  • Area ID: 466
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 10450
  • Structure SqFt Source: Assessor
  • Age: 78
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 026-192-070
  • County Name: San Mateo
  • City Name: BURLINGAME
  • City Postal ID: 6
  • Postal Code: 94010
  • Elementary School District: 923
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 7
General Information
  • Annual Tax Amount: $41,086
  • Capitalization Rate: 3.38
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $11,495
  • Expense Landscape: $1,430
  • Expense Maintenance: $4,000
  • Expense Management: $8,032
  • Expense Trash: $4,519
  • Expenses Other: $1,800
  • Expenses Utility: $6,544
  • Expenses Total: $78,906
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 17.40
  • Income Annual Gross: $200,732
  • Income Annual Rental: $205,020
  • Income Gross Scheduled: $206,940
  • Income Other: $1,920
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1

Property History for 1113 Chula Vista Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1113 Chula Vista Avenue

Taxable ValueLand$1,201,727Additions$1,056,887Total$2,258,614
Tax Record2024$25,775 ($2,148 / month)
Home Facts
Baths8Total Finished SqFt10,450 SqFtAbove Grade Finished SqFt10,450 SqFtStories3Lot Size5,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1946CountySAN MATEOAPN026-192-070

Schools near 1113 Chula Vista Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Burlingame Intermediate School
Public6 to 8

Burlingame High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1113 Chula Vista Avenue is for sale in Burlingame, CA 94010. This property was listed for sale on November 7, 2024 by Marcus & Millichap, it's currently listed at $3,600,000. This listing's school districts are San Mateo Union High School District, Burlingame Elementary School District. Nearby schools include Roosevelt Elementary School, Burlingame Intermediate School and Burlingame High School. 1113 Chula Vista Avenue is a 0-bed, 0-bath, 10,450 sqft built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.