1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated kitchens feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. Bathrooms have sleek tiling with high-end shower heads and faucets. The building recently had new exterior and interior painting, brand new water-efficient landscaping, a new sewer main, and a security camera system put throughout. This is a rare opportunity for investors to acquire an efficiently operated trophy property in a low-density A+ Location, on a prominent corner, just 3 short blocks from Burlingame Avenue.
Property Type | Multi-Family |
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Property Use | Rental or Investment |
Year Built | 1967 |
Renovated Year | 2024 |
Level Number | 2 |
Sub-Lease | 20 |
Listing ID | 262ZGK |
Style | Multi-Family (5-20 Units) |
Building Size | 25,767 SF |
Lot Size | 15300 SF |
Region: California
Region: Burlingae
Parking Places: | 24 |
Full Bath: | 20 |
Age: | Over 50 Years Old |
Sewer: | City |
Lot Size: | Under 1/2 Acre |
Water: | City Water |