1116 Chula Vista Avenue, Burlingame, California 94010, Burlingame, 94010 - 0 bed, 0 bath
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Burlingame, California 94010
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $2,498,800, which aligns closely with its $2,474,678 Fair Market Value. Featuring a Condition Rating of 3, this property offers a stable, income-generating asset with modern updates and A/C. Its prime downtown location provides exceptional walkability and access to Top-Rated Schools like Burlingame High (9/10). With a proven track record of short-term and long-term rental demand, this property is an ideal acquisition for Buy-and-Hold Investors or Multi-Generational Families seeking both privacy and consistent cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 Chula Vista Avenue Subject | $2,498,800* List Price | 0 | 0 | 2,795 | $885 | - |
A 824 El Camino Real Active | $1,899,999 List Price | 0 | 0 | 2,592 | $733 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1941, the property has undergone a comprehensive renovation with tasteful updates to the interiors, including modern flooring and updated windows. The units are equipped with A/C and are in move-in ready condition, currently functioning as high-end rentals, which aligns with a well-maintained 5-15 year renovation profile.
High School: Burlingame High School (9/10).
Situated in the heart of Burlingame, the property offers exceptional walkability to Caltrain, high-end dining, and retail, ensuring consistent tenant demand and premium rental rates.
Fully renovated with modern finishes and A/C, this triplex generates significant monthly income through a proven mix of short-term and long-term rentals with minimal vacancy.
At a list price of nearly $2.5M, the high price-per-unit may result in a lower initial capitalization rate, requiring a substantial down payment to achieve positive cash flow.
Originally constructed in 1941, the property may present hidden maintenance challenges related to aging structural or utility systems that cosmetic renovations do not address.
**Offer due- Thursday June 4 by 2pm** A true investors gem a rare opportunity offering exceptional five-digit monthly rental income! Beautifully renovated 3-unit apartment building located in the heart of downtown Burlingame in an exceptionally desirable location. Nestled on a quiet, charming street, yet within walking distance to dozens of restaurants, Starbucks, grocery stores, banks, Caltrain, fitness centers, childcare facilities, and top-rated schools. Designed for easy ownership with low yard maintenance, the property features an ideal unit mix of two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All units have been tastefully updated, equipped with A/C, and are currently operated by professional property management as either Airbnb rentals or occupied by long-term tenants with extremely low to no vacancy. Perfect for a large or multi-generational family seeking both togetherness and privacy while generating strong rental income, or for investors looking for exceptional cash flow and rare-to-find rental returns. Don't miss this incredible opportunity- see it before it's gone!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,795 | 3,850 | 25% |
| Lot Size | 5,750 | 5,500 | 50% |
| Price | $2.50M | $2.81M | 25% |
| Price per sq ft | $894 | $877 | 50% |
| Built year | 1941 | 1976 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 115 | 25% |
May 21, 2026
$2,498,800
Initial Listing
Mar 22, 2019
$2,450,000
Public Record