1116 Douglas Ave, Burlingame, CA 94010

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$2,900,000

bedrooms

bathrooms

square feet

5,253

Acreage

Open Houses

Jun 18

year built

1936

Full Baths

Half Baths

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Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments a well-maintained 10-unit multifamily property located just two (2) blocks from the heart of Burlingame Avenues vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a NEW ROOF (2024), UPGRADED ELECTRICAL PANELS, and in 2025 has PASSED its SEWER LATERAL INSPECTION. --- Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. ---- Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.

Location
Subdivision	-
County	-
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

Jun

Wednesday

2PM — 4PM

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MLS number: -

Listing agent: Nate Gustavson

Listing broker: Compass

Last update: Friday, June 13 2025 at 3:03 p.m. EDT

Compass Broker