508 El Camino Real, Burlingame, CA 94010
Commercial property
Sold December 2025
Listing Agent: Carlos Azucena (DRE #01738155) · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Carlos Azucena · Marcus & Millichap · MLS #ML82025573 · Source: CRMLS
How this sale compares
508 El Camino Real sold for $2,900,000 in December 2025, 9.3% under its $3,198,000 list price, after 34 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
508 El Camino Real is an eight-unit multifamily property located two blocks from Burlingame Avenue. Excellent price per unit at less than $400,000 per unit. Strong in-place rents with room to increase them and excellent value-add potential through upgrades and remodeling. Currently, the highest cap rate in the market. Residents enjoy amenities such as on-site parking and a laundry room while being a short walk away from the downtown.
Listing description from the December 2025 sale, as reported to CRMLS.
Sale history