Prime Burlingame Investment Opportunity! Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present the Coeur d'Alene Apartments—a well-maintained 10-unit multifamily property located just two blocks from the heart of Burlingame Avenue’s vibrant shopping and dining district. The unit mix consists of six (6) studios and four (4) one-bedroom/one-bath apartments, with unique and well-maintained units and thoughtful updates throughout. The property features a new roof (2024), upgraded electrical panels, and in 2025 has passed its sewer lateral clearance.

Tenants enjoy convenience and comfort with amenities including eight (8) covered carport spaces, one (1) open parking space, on-site coin-operated laundry, and a fully finished storage room. Units are individually metered for gas and electric, and the property is heated via a central boiler and radiator system. With a walk score that puts residents steps from CalTrain, Burlingame High School, local parks, and the public library, this location offers an unmatched tenant lifestyle.

Investors will appreciate the strong in-place income with upside in rents, current cap rate of 3.82% and pro forma of 5.64%. Priced at $2,900,000 ($290,000/unit), this classic 1936 building offers a rare chance to acquire a stabilized asset in one of, if not THE BEST neighborhoods in all of Burlingame.