Generational oppty to acquire an irreplaceable downtown burlingame location. Walkscore: 97. Howard ave (1 blk), burlingame ave (2 blks), caltrain burlingame (2 blks). Very large, spacious units: 2 br/2 ba (911 sf to 945 sf), 1 br/1 ba (540 sf to 600 sf). First time on market in 50+ years. Excellent unit mix: six (6) 2 br/2 ba, three (3) 1 br/1 ba units. Potential to achieve $6+/sf rents w/ apartment home/condo quality finishes onunit turns. Top to bottom elevator access (out of order but can be restored). Potential to convert 9 carports to 3 adu's (1 br or 2 br units @ +/ 648 sf each). 3 additional adu's equate to $118,000 ($9,900/month). R 4 i zoning: high density residential w/ incentive overlay (less than 1/2 mile from caltrain), offers max. Density of 80 units/acre (build 13 units). R 4 i tier 1 height limit: up to 46 ft. (5 stories) no public benefits necessary. Multi parcel assemblage oppty for large scale development. Low operating expense ratio (29%). Tenants pay in unit pg & e. Potential for investors to implement full rubs programs or monetize parking. In place cap rate: 3. 49%/grm: 17. Pro forma (market) cap rate: 6. 05%/12 grm. Actual rentable interior sf: 7,296 sf (based on in unit measurement). Cost per actual rentablesf: $679/sf. Please do not disturb tenants.