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Listed by Sam Runco • Marcus & Millichap
$3,950,000
Est. payment /mo
8,000 SqFt
New
1131 California DR Burlingame, CA 94010
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $493
MLS Listing ID ML82021556
Year Built 1962
Lot Size 5,750 Sqft
Property Sub-Type Commercial Property
Property Description
Pleased to present the opportunity to acquire 1131-1137 California Drive, a two-story mixed-use building located in the heart of Burlingame, California. This approximately 8,034 square foot property, built in 1962 on a 5,750 square foot lot, features a blend of commercial and residential spaces, offering stable in-place income with upside potential. The ground floor is fully leased to two established retail tenants: a nail salon (Burlingame Nail Care) and an auto body shop, providing reliable cash flow. The second floor consists of two recently renovated 2-bedroom, 1-bathroom residential units, both currently vacant and ready for immediate occupancy or leasing at market rates. The property is zoned CMU (California Drive Mixed Use). The zoning is designed to foster vibrant, pedestrian friendly development along California Drive. The zoning encourages a blend of commercial, retail, office, and residential uses to create a dynamic urban environment. The zoning supports diverse businesses, housing options, and community spaces while adhering to development standards that ensure capability with the surrounding area. The seller recently did a feasibility study which shows redevelopment plans for a three story, 10-room hotel.
Location
State CA
County San Mateo
Area Burlingame Terrace-Easton Addition
Zoning CMU
Interior
Heating Other
Cooling None
Exterior
Parking Features Off-Street Parking, On Street
Utilities Available Other
Roof Type Other
Present Use Automotive,Residential,Retail
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions None
Tax ID 026-191-070
Security Features Other
Special Listing Condition Not Applicable
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Brielle Bariteau
Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02049882