NOT LISTED FOR SALE

Estimated Value: $1,943,000 - $2,406,000

4 Beds
3 Baths
3,692 Sq Ft
$575/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $1,600,000 $433 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $12,939/month

65 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Storage Room
  • Roosevelt Elementary School Rated A
  • 1 Car Attached Garage
  • Forced Air Heating System

About This Home

As of January 2019

1053 El Camino Real in Burlingame offers an investor or a savvy owner occupier the rare opportunity to own an income producing property in one of the most sought after locations in the mid-Peninsula. Comprised of a single-family detached home and two one bedroom apartments above the garage this value-add opportunity allows the buyer to instantly build equity. Steps away from Broadway, easy access to 101 and the Millbrae transit center and top rated schools ensures your investment be leader in appreciation R-3 zoning adds development potential for a unique exit strategy.

Last Agent to Sell the Property

Paul Beaudreau

Gilmartin Group License #01910286 Listed on: 09/24/2018

Gilmartin Group

Last Buyer's Agent

Paul Beaudreau

Gilmartin Group License #01910286 Listed on: 09/24/2018

Gilmartin Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,105

Year Built

  • 1935

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • 3 Carport Spaces

Home Design

  • Triplex
  • Spanish Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,692 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer Hookup
  • Wood Flooring

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $93,540

Community Details

Overview

  • 3,692 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,800
  • Maintenance Expense $1,500
  • Trash Expense $858
  • Operating Expense $28,738
  • Gross Income $88,863

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,105

Year Built

1935

Lot Details

0

Parking

1

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Style: Spanish
  • Age: 83
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3692
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1935

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 3692
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Post And Pier
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage, Carport
  • Carport Min: 3

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.22
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Maintenance: 1500
  • Expenses Total: 28738
  • Expense Trash: 858
  • Income Annual Gross: 88863.00
  • Income Annual Rental: 93540
  • Income Gross Scheduled: 93540
  • Income Includes: Rents
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Jan 10, 2019
Sold by
Fuenzalida Patricia Virginia and Fuenzalida Patricia Virginia
Bought by
La Senda 1053 Llc
Seller's Agent
Paul Beaudreau
Gilmartin Group
Buyer's Agent
Paul Beaudreau
Gilmartin Group
List Price
$1,798,000
Sold Price
$1,600,000
Premium/Discount to List
-$198,000
-11.01%
Current Estimated Value
$2,124,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,572
Avg. Annual Appreciation
5.33%

Purchase Details

Closed on
Jun 16, 2015
Sold by
Fuenzalida Patricia Virginia
Bought by
Fuenzalida Patricia Virginia

Purchase Details

Closed on
May 16, 1995
Sold by
Pereira Irma J
Bought by
Pereira Irma J and Fuenzalida Patricia
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
La Senda 1053 Llc $1,600,000 Old Republic Title Co
Fuenzalida Patricia Virginia -- First American Title
Pereira Irma J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $1,600,000 -11.0% $433 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $1,798,000 0.0% $487 / Sq Ft
11/07/2018 11/07/18 Price Changed $1,798,000 -4.8% $487 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $1,888,000 -- $511 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,105 $1,784,827 $1,394,398 $390,429
2023 $20,105 $1,715,521 $1,340,252 $375,269
2022 $19,390 $1,681,884 $1,313,973 $367,911
2021 $19,416 $1,648,907 $1,288,209 $360,698
2020 $19,012 $1,632,000 $1,275,000 $357,000
2019 $3,391 $259,869 $146,177 $113,692
2018 $3,330 $254,774 $143,311 $111,463
2017 $3,303 $249,779 $140,501 $109,278
2016 $3,182 $244,883 $137,747 $107,136
2015 $3,164 $241,205 $135,678 $105,527
2014 -- $236,481 $133,021 $103,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81724842

MLSListings

APN: 026-164-020