$3,100,000
$2,988,888
3.7%For more information regarding the value of a property, please contact us for a free consultation.
5,749 Sqft Lot
SOLD DATE : 04/29/2022
Key Details
Sold Price $3,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81880815
Sold Date 04/29/22
HOA Y/N No
Year Built 1969
Annual Tax Amount $34,738
Lot Size 5,749 Sqft
Property Description
1124 Paloma Ave is a stunning 5-unit apartment community located along the Broadway Business District and less than a mile from downtown Burlingame, Ca. Situated on a 5,750 sqft parcel of land, the subject property was originally constructed in 1969 and has a gross building area of approximately 5,286 sqft, offering its tenants beautifully designed two-bedroom and three-bedroom floor plans. 1124 Paloma Ave offers tenants and residents close proximity to both Downtown Burlingame (1.2 mi) and the Broadway Business District (one block). Both districts feature a growing variety of locally owned businesses, shops, and boutiques, along with many restaurants. Many of the nation's top employers including Google, Facebook, Stanford, Box Inc., Visa, Sony as well as many others are located within close proximity to the subject property. In addition, the subject property provides residents and tenants convenient access to U.S. Route 101, Interstate 280, and the San Mateo-Hayward Bridge.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 026193190
Financing Cash
Special Listing Condition Standard
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Bought with Adam S. Levin • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "