1433 Floribunda AVE, Burlingame, CA 94010

$3,150,000
Sold Price
$3,150,000
List Price
$4,000,000

Property Description

Rare permit-ready 8-unit residential condo project in Downtown Burlingame! The fully entitled four-story development opportunity located at 1433 Floribunda Avenue Burlingame, CA consists of (1) 2 bed 2 bath and (7) 2 bed 2.5 bath premium residential units which average 1,152 in sq. ft. in size, decks ranging from 100-220 sq. ft. and at-grade parking. This highly sought after location feeds to excellent schools, retail corridors of Downtown Burlingame and El Camino Real, and is convenient to best-in-class tech and health care employers of Silicon Valley. The townhome-style units are marketable to a large addressable audience given the premium and boutique building feeling and exceptional Walk Score of 92. Desirable townhome-style unit mix lending to large buyer pool. At-grade parking. Short walk to heavily-amenitized downtown Burlingame. All units feature private outdoor space. https://www.burlingame.org/business_detail_T54_R94.php for City of Burlingame staff reports, plans, etc.

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Courtesy of Cornish & Carey Commercial, Steve Zirelli. Selling Office: NEWCC.

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