$18,620,000
0.89 Acre Lot

1775 Marco Polo Way, Burlingame, California 94010

  • Commercial Sale Property Type
  • 1957 Year Built
Property Description

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. 18 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.

Basic Details
Commercial Sale
For Sale
ML81995355
$18,620,000
1957
0.89 Acre
Active
: Tar/Gravel
Features
: None
40.0
: Other
$0
Address Map
CA
San Mateo
Burlingame
94010
Marco Polo
1775
Way
699 - Not Defined
R3
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
23075
2025-02-25
19000000
: Other
Broker/Agent Information
Marcus & Millichap
Sam Runco
Financial
207929.0
Listing Information
Philip Batlin
ML480525
ML88226
Marcus & Millichap
ML5068288
ML88226
Active
2025-06-09T22:32:49Z
CRMLS
: Standard
2025-06-03T17:00:31Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069