Homes for sale - 1249 Oak Grove AVE, Burlingame, CA 94010

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Yuri Lavrentiev

yuri@compass.com +1(669) 285-9514

Listed by David Katz • Magnify Real Estate

$ 6,280,000

Est. payment | -/mo

5 Beds

3.5 Baths

17,576 SqFt

Save

$ 6,280,000

Est. payment | -/mo

Save

5 Beds

3.5 Baths

17,576 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 17,576 sqft

Price per Sqft $357

MLS Listing ID ML82020759

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 1954

Lot Size 0.436 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Magnify is pleased to present 1249-1265 Oak Grove Avenue in Burlingame, a rare value-add opportunity to acquire a 17-unit multifamily asset in one of the most desirable neighborhoods on the San Francisco Peninsula. Built in 1954, the property features two separate buildings totaling 17,576 square feet, situated on a large 19,007 square foot lot within the Downtown Specific Plan zone. The unit mix includes (15) 1BD/1BA, (1) 2BD/1BA, and (1) 2BD/1.5BA with nearly 40% upside in rents. Recent capital improvements include dual pane windows throughout, fresh exterior paint, and upgraded flooring in 11 units with hardwood or luxury vinyl plank. The property is located just a 1/2 mile walk from Downtown Burlingame, and adjacent to Hillsborough, Californias second most affluent city. It is near major employers such as Mills-Peninsula Medical Center, leading biotech firms, and San Francisco International Airport. The area offers a vibrant lifestyle with boutique shopping, dining, parks, and cultural attractions including Bayfront Park and the Burlingame Museum of Pez Memorabilia. With strong demographics, low vacancy rates, and excellent connectivity to both San Francisco and Silicon Valley, this asset is well-positioned for long-term income growth and future redevelopment potential.

Location

State CA

County San Mateo

Area Burlingame Downtown Area

Zoning R30000

Interior

Heating Gas, Wall Furnace

Cooling None

Laundry Coin Operated, Washer / Dryer

Exterior

Parking Features Carport

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Polyurethane

Building

Foundation Concrete Slab, Post and Pier

Sewer Sewer - Public

Water Public

Others

Tax ID 029-131-400

Special Listing Condition Not Applicable

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Yuri Lavrentiev

REALTOR® | Lic# CA DRE #02103193

yuri@compass.com

+1(669) 285-9514

1133 Minnesota Ave, San Jose, CA, 95125, USA

1249 Oak Grove AVE Burlingame, CA 94010

Yuri Lavrentiev

Key Details

Location

Interior

Exterior

Building

Others

1249 Oak Grove AVE