$2,200,000
PENDING

1632 Albemarle Way Burlingame, CA 94010

Ray Park Neighborhood

Estimated payment $12,967/month

Total Views 684
4 Beds
2 Baths
2,178 Sq Ft
$1,010 Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Tandem Parking
  • 1-Story Property
  • Lincoln Elementary School Rated A
  • Forced Air Heating System

About This Home

Welcome to 1632 Albemarle Way, a quintessential Ray Park duplex in Burlingame. Each home features extra large 2 bedroom and 1 bathroom floorplans with fireplace and laundry room. Fantastic courtyard and very large backyard that could be utilized for an ADU. New electrical panels and water heaters. The residences also benefit from dual pane windows and updated kitchens. Shared 2 car garage. House 1632 is 1134 square feet and 1634 is 1063 square feet and are situated on a sizeable 7200 square foot lot. Incredible: investment, live/rent, family/friend compound. Property tour/open house 7/29 from 10:00 am to 1:00 pm.

Listing Agent

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 07/23/2025

Co-Listing Agent

Joel Hopman

Newmark Cornish & Carey License #01934574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,806

Year Built

  • 1951

Parking

  • 2 Car Detached Garage
  • Tandem Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,178 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,200 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $3,832
  • Maintenance Expense $1,500
  • Operating Expense $31,960
  • Gross Income $77,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,806

Year Built

1951

Lot Details

0

Parking

2

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Age: 74
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2178
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 2178
  • Stories: 1
  • Security: Security Building

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Tandem Parking

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1653
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7200.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 27.36
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3832
  • Expense Landscape: 1500
  • Expense Maintenance: 1500
  • Expenses Total: 31960
  • Income Annual Gross: 77988.00
  • Income Annual Rental: 80400
  • Income Gross Scheduled: 80400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $9,806 $844,435 $253,318 $591,117
2023 $9,806 $811,646 $243,482 $568,164
2022 $9,462 $795,732 $238,708 $557,024
2021 $9,471 $780,130 $234,028 $546,102
2020 $9,276 $772,132 $231,629 $540,503
2019 $8,998 $756,993 $227,088 $529,905
2018 $8,828 $742,151 $222,636 $519,515
2017 $8,761 $727,600 $218,271 $509,329
2016 $8,440 $713,335 $213,992 $499,343
2015 $8,399 $702,621 $210,778 $491,843
2014 $8,321 $688,859 $206,650 $482,209
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $2,200,000 -- $1,010 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

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Source: MLSListings

MLS Number: ML82015593

MLSListings

APN: 025-206-090

California San Mateo County Burlingame 94010 Ray Park

1632 Albemarle Way, Burlingame, CA

This home is located at 1632 Albemarle Way, Burlingame, CA 94010 and is currently priced at $2,200,000, approximately $1,010 per square foot. This property was built in 1951. 1632 Albemarle Way 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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Steve Zirelli
Listing Agent
Steve Zirelli
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Cornish & Carey Commercial
(650) 414-3594