1129 Capuchino Avenue

SOLD! – 4/26/2013 – 6-Units in Downtown Burlingame —

The subject property located at 1129 Capuchino Avenue in Burlingame, California was built in 1970 and consists of six
units on a 6,750 square foot lot with 5,370 square feet of living space. The asset offers an investor a great unit mix of one
(1) one-bedroom/one-bath unit, four (4) two-bedroom/one-bath units and one (1) three-bedroom/two-bath unit. The
property is located half a block from the downtown Broadway strip and is in close proximity to employment hubs via
highways 101 and 280. The building offers an on-site laundry facility with an owned washer and dryer for an additional
$1,200 per year in gross income.
The building's exterior is composed of brick and stucco with wood frame construction on a concrete perimeter
foundation. The roof was replaced in 2008, and is in exceptional condition. The property offers four tuck-under parking
stalls with two private garages and extra exterior storage space.
Additionally, the area's low land availability should yield high rent growth and appreciation throughout 2013 and
beyond. Another add-value opportunity for an investor would entail increasing tenant responsibilities and raising rents.
This would greatly increase the properties net operating income and further value of the asset.
The City of Burlingame is a suburban city of approximately 28,000 people in San Mateo County, California. It is
located on the San Francisco Peninsula and has a significant shoreline on the San Francisco Bay. It is known for its high
residential quality of life.