1216 Floribunda Avenue

1216 Floribunda Avenue


Burlingame, CA 94010


The Gustavson Group represented the Buyer in this transaction.  Well-maintained nine (9) unit apartment building just a few blocks from City Hall and Downtown Burlingame Avenue.  Six one-bed/one-bathroom units, two two-bedroom/one-bathroom units, and one three-bedroom/two-bathroom Owners unit.  Exceptional location. 


Cap Rate: 3.64% NOI: $127,488 Livable Sq. Ft: 8,844

Built in 1972 9 units Lot Sq. Ft: 9,792

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