NOT LISTED FOR SALE

1105 Paloma Ave Burlingame, CA 94010

Burlingame Terrace Neighborhood

Estimated Value: $3,038,000 - $3,668,000

9 Beds
4 Baths
4,460 Sq Ft
$747/Sq Ft Est. Value

Sale Details

Date Sold: February 11, 2022

Last sale price $3,350,000 $751 Per Sq Ft

Current estimated payment $21,191 / mo

13 Days on Market

Highlights

  • Granite Countertops
  • 5-minute walk to Broadway
  • Secured Garage or Parking
  • Roosevelt Elementary School Rated A
  • 4 Car Detached Garage
  • Forced Air Heating System

About This Home

As of February 2022

Buy an Asset, Not a Liability: Live in 1 Unit and Receive Low-Maintenance Rental Income From Other 3 Quality Units! AAA+, Irreplaceable Location-Half Block Walk From Broadway Burlingame (Walkscore: 80), Easy 101 Access. Easy to Manage, w/ Excellent Tenants. High-Demand Rental Area. 4 Spacious Units: 2 BR/1 BA: 844 SF; and 3 BR/1 BA: 1,160 SF. Owner Renovated All Units. Each Unit Offers: Central Forced Air Gas Furnace, Stainless Kitchen (Dishwasher, Gas Range). In-Unit Washer & Dryer in ALL UNITS. Tenants Pay Own Water & PG/E Meters. Owner Pays Garbage and Gardener. Nice Floorplans, Providing Investors With Ease of Rental & Hassle-Free Management. Extremely Supply-Constrained Core-Burlingame Market (Walk to Shops)-Little to No Apartments for Sale. Scarce Inventory and Low Transaction Velocity. Property Offers Excellent Hedge Against Inflation-High-Quality Asset in Excellent Location Providing Steady Cashflow and Value Preservation & Appreciation

Last Agent to Sell the Property

Don Sung

Colliers Parrish International License #01935797 Listed on: 01/11/2022

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 5,750 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • 4 Carport Spaces
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,460 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Security Lights
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $149,940
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $840
  • Insurance Expense $3,000
  • Maintenance Expense $2,000
  • Manager Expense $5,998
  • Other Expense $1,600
  • Trash Expense $1,008
  • Operating Expense $50,913
  • Gross Income $145,442

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

5,750 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4460
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hookups - Ice Maker, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 4460
  • Stories: 2
  • Security: Secured Garage / Parking, Security Lights
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Crawl Space
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Covered Parking, Detached Garage, Parking Area
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 615

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3000
  • Expense Landscape: 840
  • Expense Maintenance: 2000
  • Expense Management: 5998
  • Expenses Other: 1600
  • Expenses Total: 50913
  • Expense Trash: 1008
  • Income Annual Gross: 145442.00
  • Income Annual Rental: 149940
  • Income Gross Scheduled: 149940
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2026
Sold by
Bought by
Current Estimated Value
$3,333,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2022
Closed on
Feb 1, 2022
Sold by
Bought by
Seller's Agent
Don Sung
Colliers Parrish International
Buyer's Agent
RECIP
Out of Area Office
List Price
$3,140,000
Sold Price
$3,350,000
Premium/Discount to List
$210,000
6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.11%

Purchase Details

Closed on
Jun 5, 2019
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2019
Sold by
Bought by

Purchase Details

Closed on
Feb 11, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,105,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$998,000
Interest Rate
1.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title Company
$3,350,000 Old Republic Title
-- Old Republic Title Company
-- Accommodation
-- Chicago Title Company
-- Chicago Title Company
$1,350,000 Alliance Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,200,000
Previous Owner $1,105,000
Previous Owner $998,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $3,350,000 +6.7% $751 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $3,140,000 -- $704 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $39,473 $3,555,046 $2,016,295 $1,538,751
2023 $39,473 $3,417,000 $1,938,000 $1,479,000
2022 $20,045 $1,741,364 $870,682 $870,682
2021 $20,072 $1,707,222 $853,611 $853,611
2020 $19,655 $1,689,718 $844,859 $844,859
2019 $19,141 $1,656,588 $828,294 $828,294
2018 $18,776 $1,624,108 $812,054 $812,054
2017 $18,636 $1,592,264 $796,132 $796,132
2016 $18,040 $1,561,044 $780,522 $780,522
2015 $17,871 $1,537,598 $768,799 $768,799
2014 $17,582 $1,504,968 $752,484 $752,484
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Don Sung

    Colliers Parrish International

    Section Image

  • R

    Buyer's Agent in 2022

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81874145

MLSListings

APN: 026-211-110

California San Mateo County Burlingame 94010 Burlingame Terrace

1105 Paloma Ave, Burlingame, CA

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