Seller's Agent in 2023
Janay Michaud
Heritage Realty
(650) 346-3357
2 in this area
25 Total Sales
1130 Paloma Ave Burlingame, CA 94010
Burlingame Terrace NeighborhoodEstimated Value: $2,550,000 - $2,838,305
5
Beds
4
Baths
4,460
Sq Ft
$607/Sq Ft
Est. Value
Highlights
- 2 Car Detached Garage
- Tile Flooring
- Coin Laundry
- Roosevelt Elementary School Rated A
- Forced Air Heating System
About This Home
As of April 2023Fourplex Residential Building for qualified investors. Excellent Location!!!! 1130 Paloma Ave is located in a prime location in the luxurious town of Burlingame, CA. One Block from main street of Broadway. Tenants can Walk to shops, restaurants, and Cal Train. (3) 1 bed/1bath (1) 2bed/1bath residential units with an approximate total of 4,460 building SqFt on a 5,750 SqFt Lot! Shared Garage parking, Coin Operated Washer & Dryers. Tenants are on a month to month tenancy (Units 1& #2). 2 units have been remodeled and new roof, Walk to Downtown Broadway Ave, neighborhood parks, Highway 101/92, Caltrain, and the airport. A special property beyond all expectations. Don't miss this Blue Chip Investment Property! Unit #4 (1 bedroom is currently vacant)
Last Agent to Sell the Property
Heritage Realty License #01159101 Listed on: 08/31/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,940
Year Built
- 1947
Lot Details
- 5,750
Parking
- 2 Car Detached Garage
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 4,460 Sq Ft Home
- 2-Story Property
- Crawl Space
Kitchen
- Gas Oven
- Range Hood
Flooring
- Carpet
- Laminate
- Tile
Additional Features
- 5,750 Sq Ft Lot
- Forced Air Heating System
Listing and Financial Details
- Total Actual Rent $89,178
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 3 Leased Units
- Insurance Expense $2,328
- Maintenance Expense $710
- Other Expense $3,568
- Utility Expense $2,682
- Operating Expense $12,054
- Gross Income $85,611
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2022
Closed on
Apr 21, 2023
Sold by
Olson-Glud Carol J and Olson-Glud Paul Christopher
Bought by
Henry Ho And Yueh Yun Lin Ho Revocable Trust
Seller's Agent
Janay Michaud
Heritage Realty
Buyer's Agent
John Chow
W Star Investment Inc
List Price
$2,700,000
Sold Price
$2,580,000
Premium/Discount to List
-$120,000
-4.44%
Views
107
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,576
Avg. Annual Appreciation
1.30%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Henry Ho And Yueh Yun Lin Ho Revocable Trust | $2,580,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Glud Paul Christopher | $250,000 | |
| Previous Owner | Glud Paul Christopher | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2023 04/24/23 | Sold | $2,580,000 | -4.4% | $578 / Sq Ft |
| 04/14/2023 04/14/23 | Pending | -- | -- | -- |
| 02/10/2023 02/10/23 | For Sale | $2,700,000 | +4.7% | $605 / Sq Ft |
| 12/14/2022 12/14/22 | Off Market | $2,580,000 | -- | -- |
| 12/03/2022 12/03/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | For Sale | $3,100,000 | 0.0% | $695 / Sq Ft |
| 02/01/2021 02/01/21 | Rented | $2,875 | 0.0% | -- |
| 01/30/2021 01/30/21 | Under Contract | -- | -- | -- |
| 01/24/2021 01/24/21 | Price Changed | $2,875 | -1.7% | $1 / Sq Ft |
| 01/07/2021 01/07/21 | For Rent | $2,925 | +39.3% | -- |
| 04/05/2019 04/05/19 | Rented | $2,100 | 0.0% | -- |
| 03/26/2019 03/26/19 | Under Contract | -- | -- | -- |
| 03/18/2019 03/18/19 | For Rent | $2,100 | -27.2% | -- |
| 11/24/2018 11/24/18 | Rented | $2,885 | 0.0% | -- |
| 11/24/2018 11/24/18 | Under Contract | -- | -- | -- |
| 10/26/2018 10/26/18 | Price Changed | $2,885 | -0.5% | $1 / Sq Ft |
| 10/23/2018 10/23/18 | Price Changed | $2,900 | -3.3% | $1 / Sq Ft |
| 10/10/2018 10/10/18 | Price Changed | $3,000 | -1.6% | $1 / Sq Ft |
| 09/30/2018 09/30/18 | Price Changed | $3,050 | -1.6% | $1 / Sq Ft |
| 09/19/2018 09/19/18 | Price Changed | $3,100 | -2.4% | $1 / Sq Ft |
| 09/07/2018 09/07/18 | Price Changed | $3,175 | -0.8% | $1 / Sq Ft |
| 09/05/2018 09/05/18 | Price Changed | $3,200 | -1.5% | $1 / Sq Ft |
| 08/31/2018 08/31/18 | For Rent | $3,250 | +16.3% | -- |
| 08/14/2017 08/14/17 | Rented | $2,795 | 0.0% | -- |
| 07/17/2017 07/17/17 | Price Changed | $2,795 | -99.0% | $1 / Sq Ft |
| 07/16/2017 07/16/17 | For Rent | $279,500 | +14806.7% | -- |
| 01/20/2015 01/20/15 | Rented | $1,875 | -10.7% | -- |
| 12/21/2014 12/21/14 | Under Contract | -- | -- | -- |
| 11/26/2014 11/26/14 | For Rent | $2,100 | -- | -- |
Source: MLSListings
Tax History Compared to Growth
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 | $29,940 | $2,684,232 | $1,664,640 | $1,019,592 |
| 2023 | $29,940 | $205,306 | $64,096 | $141,210 |
| 2022 | $2,796 | $201,282 | $62,840 | $138,442 |
| 2021 | $2,794 | $197,336 | $61,608 | $135,728 |
| 2020 | $2,738 | $195,314 | $60,977 | $134,337 |
| 2019 | $2,688 | $191,485 | $59,782 | $131,703 |
| 2018 | $2,641 | $187,731 | $58,610 | $129,121 |
| 2017 | $2,620 | $184,051 | $57,461 | $126,590 |
| 2016 | $2,649 | $180,443 | $56,335 | $124,108 |
| 2015 | $2,513 | $177,733 | $55,489 | $122,244 |
| 2014 | $2,479 | $174,253 | $54,403 | $119,850 |
Source: Public Records
Agents Affiliated with this Home
-
Janay Michaud
-
Jonathon Michaud
Seller Co-Listing Agent in 2023
Jonathon Michaud
Heritage Realty
(650) 349-9300
1 in this area
3 Total Sales
-
John Chow
Buyer's Agent in 2023
John Chow
W Star Investment Inc
(650) 922-9815
1 in this area
5 Total Sales
-
R
Buyer's Agent in 2021
Raul Rodriguez Pulido
Heritage Realty
-
Jeff Fraley
J
Buyer's Agent in 2019
Jeff Fraley
Heritage Realty
(650) 208-5758
6 Total Sales
-
A
Buyer's Agent in 2015
Alexandra Semma
Heritage Realty
Map
Source: MLSListings
MLS Number: ML81905804
APN: 026-193-200
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