CA > Burlingame
Burlingame, CA 94010,1131 California DR
Burlingame, CA 94010,1131 California DR
Burlingame, CA 94010,1131 California DR
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Dawit Woldeyohanes

Dawit Woldeyohanes

+1(415) 340-0997
Listed by Sam Runco • Marcus & Millichap
$ 3,950,000
Est. payment | /mo

8,000 SqFt

Save
$ 3,950,000
Est. payment | /mo
Save

8,000 SqFt

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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Dawit Woldeyohanes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 340-0997

soelost@gmail.com

PO Box 110992, Campbell, California, 95011, USA

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1131 California DR