Property Overview:
1405 Bellevue Avenue is a multi-family property in Burlingame, CA, built in 1928. It features 8 units: 4 one-bedroom/one-bath units and 4 spacious studios, totaling 7,663 sq. ft. of living space on a 5,320 sq. ft. lot. The property includes an attached parking garage, on-site laundry, and a shared courtyard with a BBQ area. All units are currently occupied, offering tremendous income upside.
Neighborhood Highlights:
-
Location:
- Premier downtown Burlingame location, steps from Burlingame Avenue (96 Walk Score).
- Directly across from the Burlingame Library and City Hall.
-
Crime Rate:
- Personal crime risk: 3.8% (lower than state average of 11.8%).
- Property crime risk: 6.2% (lower than state average of 10.8%).
-
Schools:
Nearby schools include Burlingame High, McKinley Elementary, and Crocker Middle.- Average SAT score: 1071 (higher than state average of 975).
-
Job Market:
- 73.2% white-collar jobs, 26.9% blue-collar jobs.
- Unemployment rate: 1.9% (lower than state average of 4.7%).
-
Demographics:
- Community population: 38,645 (16% growth since 2000).
- 62% families with children.
- Largest age group: 45-54 years (16.79%).
-
Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 50.5°F (January), 64.4°F (July).
- Average rainfall: 18.8 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $131,441.
- Average annual spending: $79,704.
Property Features:
- 8-unit apartment building with 4 one-bedroom units and 4 large studios.
- Attached garage with 6 parking spots.
- On-site coin-operated laundry.
- Shared backyard with a BBQ area and common seating space.
- Locked storage units for tenants.
- Well-maintained building with a 3-year-old roof.
- Tremendous upside in rental income potential.
Location Benefits:
- Highly desirable neighborhood in the San Francisco Peninsula.
- Steps to premium shops, restaurants, and upscale services on Burlingame Avenue.
- Close to public transportation and major amenities.
- Perfect for investors seeking a trophy property in a prime location.