1775 Marco Polo Wy
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Sold

1775 Marco Polo Wy

1775 Marco Polo Way, Burlingame, CA 94010

$13,500,000

Marcus & Millichap has been selected to exclusively market for sale for Casa Marco Polo, a stunning, 40 unit apartment community located at 1775 Marco Polo Way in the thriving city of Burlingame, California. Situated on 0.90 acres of land, the subject property was originally constructed in 1957 and has a gross livable area of roughly 23,000 total square feet, offering its tenants quality studio, one bedroom, and two bedroom apartments to call home. The unit mix consists of twelve (12) standard studio units, twenty-four (24) standard one-bedroom/one-bathroom units, and four (4) two-bedroom/ one bathroom units. Casa Marco Polo is centrally located just over half a mile from downtown Burlingame.

Downtown Burlingame is home to over 500 businesses including high-end retailers, the Burlingame Caltrain Station, elegant dining options, and exciting entertainment such as the Sunday Farmers Market, Sidewalk Sales, First Friday Live Music, and Fall Fest. Burlingame’s vibrant downtown features unique and upscale shops and restaurants such as the Apple Store, Vineyard Vines, J. Crew, Lululemon, Sur la Table, Pottery Barn, Farm & Vine American Bistro, and Stella Alpina Osteria. Many of the nations top tech employers are also within close proximity of the subject property including Oracle, Salesforce, GoPro, Genentech, Thermo Fisher Scientific, Electronic Arts, Inc. (EA), Facebook, Cisco Systems, Visa, Sony as well as many others. The investment appeal of 1775 Marco Polo is driven by Burlingame’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the San Francisco Bay Area Peninsula, this asset presents an attractive choice for Peninsula renters due to the close proximity to major employers.

INVESTMENT HIGHLIGHTS
- Prime Burlingame Location
- 40 Units with Individual Carports and Storage Lockers
- 4 Washers & 4 Dryers on-site
- Community Area with Pool

 

44
beds

40
baths

23,075 Sq.Ft. LIVING AREA

0.89 Acres lot

HAILI WU 伍海莉

HAILI WU 伍海莉

PHILIP BATLIN

PHILIP BATLIN

Features & Amenities

Interior

  • total bedrooms44
  • Total bathrooms40

Area & Lot

  • Status Sold
  • Living Area23,075 Sq.Ft.
  • Lot Area0.89 Acres
  • TypeOther
  • YEAR BUILT1957

Financial

  • Sales Price$13,500,000

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