20-Unit Burlingame Apartment Building Sells for $12MM at Record Price Per Unit

A 20-unit apartment building steps from Burlingame Avenue changed hands for nearly $12 million, with the deal setting the highest per-unit price for any 5-plus-unit multifamily sale in the Peninsula city over the past two years. The property at 1500 Newlands Avenue in Burlingame sold for $11,955,000, a transaction that translates to $597,750 per unit. […]