NOT LISTED FOR SALE

Estimated Value: $1,982,000 - $3,304,098

4 Beds
2 Baths
3,450 Sq Ft
$713/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $2,200,000 $638 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $13,548/month

32 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Washer and Dryer
  • Borel Middle School Rated A-
  • Forced Air Heating System
  • Fenced

About This Home

As of May 2024

Compass Commercial is pleased to announce the exclusive listing of a one-of-a-kind corner duplex quite literally on the border of San Mateo & Burlingame. -- Constructed in 1941 and located on an oversized 6,852 square foot corner lot 4 & 6 Warren Road is just blocks from the restaurants and shopping at the heart of Burlingame Avenue. This luxury duplex is comprised of two MASSIVE 2-Bedroom/1-Bathroom units at 1,607 square feet (4 Warren), and 1,291 square feet (6 Warren); both with private one-car garages and large private backyards. The tenants pay ALL utilities directly, including water, trash removal, gas and electric. The sewer lateral line work is scheduled to be completed and cleared prior to closing. 4 & 6 Warren is located ON the Burlingame/San Mateo border and just four (4) blocks from Burlingame Avenue, and in the center of CalTrans ECR Roadway Renewal Project which is slated to start construction and in mid-2024 bringing updated drainage, underground power lines, pedestrian walkways, smoother pavement, and increased walkability to this stretch of El Camino Real.

Last Agent to Sell the Property

Nathan Gustavson

Compass License #01898316 Listed on: 04/01/2024

Compass

Co-Listed By

Cameron Foster

Compass License #00972394

Last Buyer's Agent

Gabriel Manzanares

Compass Commercial License #02051583

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • 1941

Lot Details

  • 6,852 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Off-Site Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,450 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,800
  • Maintenance Expense $3,500
  • Utility Expense $2,738
  • Operating Expense $34,341
  • Gross Income $64,020

Property Details

Home Type

Multi-Family

Year Built

1941

Lot Details

6,852 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Living Sq Ft: 3450
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Wood Shakes / Shingles
  • Yard/Grounds: Back Yard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Site Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1573
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6852.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6852.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 33.30
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2800
  • Expense Maintenance: 3500
  • Expenses Total: 34341
  • Expenses Utility: 2738
  • Income Annual Gross: 64020.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 7, 2024
Sold by
Hetzner-Baird Trust and Mink Charles W
Bought by
Casazza Trust and Casazza
Seller's Agent
Nathan Gustavson
Compass
Buyer's Agent
Gabriel Manzanares
Compass Commercial
List Price
$2,400,000
Sold Price
$2,200,000
Premium/Discount to List
-$200,000
-8.33%
Views
78
Current Estimated Value
$2,461,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,275
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Dec 14, 2018
Sold by
Baird Mary Jane
Bought by
Hetzner John A and Baird Mary Jane

Purchase Details

Closed on
Jan 15, 2008
Sold by
Hetzner William A and Hetzner Catherine A
Bought by
Baird Mary Jane

Purchase Details

Closed on
Jul 2, 2003
Sold by
Hetzner John A
Bought by
Hetzner William A and Hetzner Catherine A

Purchase Details

Closed on
Aug 8, 1994
Sold by
Hetzner Georgia Ann
Bought by
Hetzner Georgia Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Casazza Trust $2,200,000 First American Title
Hetzner John A -- None Available
Hetzner John A -- None Available
Baird Mary Jane $239,000 Old Republic Title Company
Hetzner William A -- --
Hetzner Georgia Ann -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2024 05/13/24 Sold $2,200,000 +0.1% $638 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $2,198,000 -8.4% $637 / Sq Ft
04/01/2024 04/01/24 For Sale $2,400,000 -- $696 / Sq Ft
Source: MLSListings

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 $10,580 $2,244,000 $1,509,600 $734,400
2023 $10,580 $641,867 $288,265 $353,602
2022 $10,315 $629,284 $282,614 $346,670
2021 $10,110 $616,947 $277,073 $339,874
2020 $9,882 $610,624 $274,233 $336,391
2019 $9,629 $598,653 $268,857 $329,796
2018 $8,313 $586,917 $263,586 $323,331
2017 $7,365 $575,410 $258,418 $316,992
2016 $7,401 $564,130 $253,352 $310,778
2015 $7,652 $555,660 $249,548 $306,112
2014 $7,220 $544,778 $244,661 $300,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81959695

MLSListings

APN: 032-061-010

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