Millman Team Real Estate

$17,500,000
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. 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.

Basic Details
Commercial Sale
For Sale
ML81995355
$17,500,000
1957
0.89 Acre
Active
: Tar/Gravel
Features
: None
40.0
: Other
$0
Address Map
CA
San Mateo
Burlingame
94010
Marco Polo
1775
Way
W123° 36' 50.8''
N37° 35' 26.9''
699 - Not Defined
R3
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
23075
2025-02-25
17995000
: Other
Broker/Agent Information
Marcus & Millichap
Sam Runco
Financial
201929.0
Listing Information
Philip Batlin
ML480525
ML88226
Marcus & Millichap
ML5068288
ML88226
Active
2025-11-14T18:38:46Z
CRMLS
: Standard
2025-08-05T17:00:30Z
Agent info
Ray Millman
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