NOT LISTED FOR SALE

1457 El Camino Real Burlingame, CA 94010

Easton Addition Neighborhood

Estimated Value: $2,627,000 - $2,797,000

4 Beds
4 Baths
3,129 Sq Ft
$871/Sq Ft Est. Value

Last Sold March 07, 2017

Last sale price $1,900,000 $607 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,508/month

16 Days on Market

Highlights

  • Cottage
  • Forced Air Heating System
  • Level Lot
  • Lincoln Elementary School Rated A

About This Home

As of March 2017

Triplex located in the Easton Addition neighborhood of Burlingame. This property is ideal for income property or for someone looking to develop. Zoned R3. Conveniently located with close proximity to downtown Burlingame, Broadway, BART, bus lines and Hwy101. Bring your contractor and architect!

Last Agent to Sell the Property

Gino Mazzoni

Coldwell Banker Realty License #01948579 Listed on: 12/09/2016

Coldwell Banker Realty

Last Buyer's Agent

Vera Hatem

Corcoran Icon Properties License #01437688

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,805

Year Built

  • 1941

Lot Details

  • 8,146 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Cottage
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,129 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $68,940

Community Details

Overview

  • 3,129 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,248
  • Maintenance Expense $350
  • Utility Expense $3,558
  • Operating Expense $25,909
  • Gross Income $68,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,805

Year Built

1941

Lot Details

0

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Style: Cottage
  • Age: 75
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3129
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Living Sq Ft: 3129
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Assigned Spaces

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1870
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8150.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8150.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.55
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1248
  • Expense Maintenance: 350
  • Expenses Total: 25909
  • Expenses Utility: 3558
  • Income Annual Gross: 68940.00
  • Income Annual Rental: 68940
  • Income Gross Scheduled: 68940
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2019
Sold by
Ballout Rabih Salem and Ballout Amal Danil
Bought by
Oakwood Enterprises Llc
Current Estimated Value
$2,723,859

Purchase Details

Listed on
Dec 9, 2016
Closed on
Feb 10, 2017
Sold by
Leong Kenneth K and Zaima Janis K
Bought by
Ballout Rabih Salem and Ballout Amal Danil
Seller's Agent
Gino Mazzoni
Coldwell Banker Realty
Buyer's Agent
Vera Hatem
Corcoran Icon Properties
List Price
$1,899,000
Sold Price
$1,900,000
Premium/Discount to List
$1,000
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$1,190,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 29, 2015
Closed on
Aug 27, 2015
Sold by
Gener Gerald N and Gener Michelle T
Bought by
Leong Kenneth K and Zaima Janis K
Seller's Agent
Mike Bohnert
Coldwell Banker Realty
Buyer's Agent
Gino Mazzoni
CIG Realty & Loans
List Price
$1,795,000
Sold Price
$1,795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$988,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 25, 2012
Sold by
Gener Gerald N and Gener Michelle T
Bought by
Gener Gerald N and Gener Michelle T

Purchase Details

Closed on
Jul 13, 2012
Sold by
Gener Gregory T and Gener Linda K
Bought by
Gener Gregory T and Gener Linda K

Purchase Details

Closed on
Dec 27, 1993
Sold by
Gener Gerald N and Gener Michelle
Bought by
Gener Family L P
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
Oakwood Enterprises Llc -- None Available
Ballout Rabih Salem $1,900,000 Old Republic Title Company
Leong Kenneth K $1,795,000 Old Republic Title Company
Gener Gerald N -- None Available
Gener Gerald N -- None Available
Gener Gregory T -- None Available
Gener Gregory T -- None Available
Gener Gerald N -- None Available
Gener Family L P -- --
Gener Gerald N -- --
Gener Yvonne T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ballout Rabih Salem $1,190,000
Previous Owner Leong Kenneth K $988,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2017 03/07/17 Sold $1,900,000 +0.1% $607 / Sq Ft
12/26/2016 12/26/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $1,899,000 +5.8% $607 / Sq Ft
09/04/2015 09/04/15 Sold $1,795,000 0.0% $574 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $1,795,000 -- $574 / 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 $24,805 $2,205,106 $1,102,553 $1,102,553
2023 $24,805 $2,119,482 $1,059,741 $1,059,741
2022 $23,921 $2,077,924 $1,038,962 $1,038,962
2021 $23,952 $2,037,182 $1,018,591 $1,018,591
2020 $23,453 $2,016,294 $1,008,147 $1,008,147
2019 $22,934 $1,976,760 $988,380 $988,380
2018 $22,497 $1,938,000 $969,000 $969,000
2017 $21,541 $1,830,900 $915,450 $915,450
2016 $20,753 $1,795,000 $897,500 $897,500
2015 $14,576 $1,232,204 $616,102 $616,102
2014 $11,991 $1,000,000 $500,000 $500,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Gino Mazzoni

    Coldwell Banker Realty

    Section Image

  • V

    Buyer's Agent in 2017

    Vera Hatem

    Corcoran Icon Properties

    Section Image

  • M

    Seller's Agent in 2015

    Mike Bohnert

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81633599

MLSListings

APN: 026-013-050

California San Mateo County Burlingame 94010 Easton Addition

1457 El Camino Real, Burlingame, CA

This home is located at 1457 El Camino Real, Burlingame, CA 94010 since 09 December 2016 and is currently estimated at $2,723,859, approximately $870 per square foot. This property was built in 1941. 1457 El Camino Real is a home located in San Mateo County with nearby schools including Lincoln Elementary School, Burlingame Intermediate School, and Burlingame High School.

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