NOT LISTED FOR SALE

1132 Paloma Ave Burlingame, CA 94010

Burlingame Terrace Neighborhood

Estimated Value: $2,742,000 - $2,922,482

8 Beds
5 Baths
5,095 Sq Ft
$554/Sq Ft Est. Value

Last Sold May 03, 2023

Last sale price $2,680,000 $526 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $17,858/month

34 Days on Market

Highlights

  • Tile Flooring
  • Ceiling Fan
  • Heating Available
  • Roosevelt Elementary School Rated A
  • Coin Laundry

About This Home

As of May 2023

Rare opportunity to purchase a fourplex in Burlingame's Broadway Neighborhood. This fourplex, located just a half-block from Broadway, has a nice mix of one 3-Bedroom/2-Bathroom, two 2-Bedroom/1-Bathroom and one 1-Bedroom/1-Bathroom unit. Unit 1 (2-Bedroom/1-Bathroom) has a spacious, private backyard. There are 3 large locking garages, and 5 carports for plenty of parking for the four units. All units have storage and onsite laundry. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great value add opportunity!

Last Agent to Sell the Property

Nathan Gustavson

Compass License #01898316 Listed on: 02/06/2023

Compass

Co-Listed By

Cameron Foster

Compass License #00972394

Last Buyer's Agent

Kathryn Mendaros

The RE Discount Concept License #01826044

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,079

Year Built

  • 1975

Lot Details

  • 5,750 Sq Ft Lot

Parking

  • 3 Car Garage
  • 5 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 5,095 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $121,260

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $2,530
  • Insurance Expense $2,728
  • Maintenance Expense $3,800
  • Other Expense $982
  • Utility Expense $11,266
  • Operating Expense $52,946
  • Gross Income $119,194

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,079

Year Built

1975

Lot Details

0

Parking

3

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Age: 48
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5095
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 5095
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Assigned Spaces, Covered Parking, Off-Street Parking
  • Carport Min: 5

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • 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): Month To Month
  • Gross Rent Multiplier: 22.99
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2728
  • Expense Landscape: 2530
  • Expense Maintenance: 3800
  • Expenses Other: 982
  • Expenses Total: 52946
  • Expenses Utility: 11266
  • Income Annual Gross: 119194.00
  • Income Annual Rental: 121260
  • Income Gross Scheduled: 122880
  • Income Includes: Laundry
  • Income Other: 1620
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2024
Sold by
Soss Andrew and Soss Mariza Mancera
Bought by
Soss Family Trust and Soss
Current Estimated Value
$2,824,121

Purchase Details

Closed on
Nov 7, 2023
Sold by
Sidney S And Eileen N Soss 1993 Family T
Bought by
Eileen N Soss Survivors Trust and Soss

Purchase Details

Listed on
Feb 6, 2023
Closed on
Apr 21, 2023
Sold by
Tsui Oh Chang Revocable Trust
Bought by
Sidney S And Eileen N Soss 1993 Family Trust
Seller's Agent
Nathan Gustavson
Compass
Buyer's Agent
Kathryn Mendaros
The RE Discount Concept
List Price
$2,825,000
Sold Price
$2,680,000
Premium/Discount to List
-$145,000
-5.13%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.36%
Original Mortgage
$680,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2004
Sold by
Chang Tsui Oh
Bought by
Chang Tsui Oh and Chang William H

Purchase Details

Closed on
Jan 13, 2004
Sold by
Chang Tsui Oh
Bought by
Chang Tsui Oh

Purchase Details

Closed on
Jun 25, 2003
Sold by
Chang Tsui Oh
Bought by
Chang Tsui Oh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.87%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Soss Family Trust -- None Listed On Document
Eileen N Soss Survivors Trust -- None Listed On Document
Sidney S Soss Bypass Trust -- None Listed On Document
Sidney S And Eileen N Soss 1993 Family Trust $2,680,000 First American Title
Chang Tsui Oh -- --
Chang Tsui Oh -- --
Chang Tsui Oh -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sidney S And Eileen N Soss 1993 Family Trust $680,000
Previous Owner Chang Tsui Oh $1,050,000
Previous Owner Chang Tsui Oh $800,000
Previous Owner Chang Tsui Oh $409,000
Previous Owner Chang Tsui Oh $417,000
Previous Owner Chang Tsui Oh $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $2,680,000 -5.1% $526 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $2,825,000 -- $554 / 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 $31,079 $2,788,272 $1,623,024 $1,165,248
2023 $31,079 $506,275 $87,684 $418,591
2022 $6,100 $496,349 $85,965 $410,384
2021 $6,105 $486,618 $84,280 $402,338
2020 $5,979 $481,629 $83,416 $398,213
2019 $5,855 $472,186 $81,781 $390,405
2018 $5,747 $462,928 $80,178 $382,750
2017 $5,704 $453,852 $78,606 $375,246
2016 $5,497 $444,954 $77,065 $367,889
2015 $5,471 $438,271 $75,908 $362,363
2014 $5,394 $429,687 $74,422 $355,265
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nathan Gustavson

    Compass

    (415) 874-5000

    3 in this area

    63 Total Sales

    Nathan Gustavson
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Cameron Foster

    Compass

    (650) 548-9660

    3 in this area

    38 Total Sales

    Cameron Foster
    Section Image

  • K

    Buyer's Agent in 2023

    Kathryn Mendaros

    The RE Discount Concept

    Section Image
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Map

Source: MLSListings

MLS Number: ML81918090

MLSListings

APN: 026-193-210

California San Mateo County Burlingame 94010 Burlingame Terrace

1132 Paloma Ave, Burlingame, CA

This home is located at 1132 Paloma Ave, Burlingame, CA 94010 since 06 February 2023 and is currently estimated at $2,824,121, approximately $554 per square foot. This property was built in 1975. 1132 Paloma Ave is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, Burlingame Intermediate School, and Burlingame High School.

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