$3,500,000

Estimated payment $19,571/month

Total Views 68
8 Beds
6 Baths
3,450 Sq Ft
$1,014 Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • Borel Middle School Rated A-
  • 1-Story Property

About This Home

Office building with conditional use permit for preschool, medical, wide variety of purposes including 3 residential, new housing dev. Use as triplex requires adding showers, other improvements. For Lease or Sale. Reception, 9 Private Offices, 1 Large Conference Room, 3 x 2 Restrooms, Break Room, Outdoor Patio 1/2 mile, Walking Distance to Burlingame Caltrain. Zoning Summary: Administrative, executive, and professional offices, provided that the professional offices are limited to those professions listed in Section 5.24.160: accountant, appraiser, architect, assayer, attorney, auditor, bacteriologist, certified public accountant, chemist or laboratory specialist or operator, chiropodist, chiropractor, civil engineer, dental laboratory specialist or operator, dentist, electrical engineer, geologist, hydraulic engineer, medical laboratory specialist or operator, oculist, optician, optometrist, osteopath, physician, structural engineer, surgeon, surveyor, and veterinarian (check for kennel). Retail of goods and services, Restaurants, Health and recreation, Schools, day care, Financial, business offices, laboratories. Warehousing, storage, and distribution. Residential, R3 multi-family. Special Uses: clubs, hotels, religious, kennel, community center, schools.

Listing Agent

Alexander Kent

Compass License #01718732 Listed on: 11/07/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,928

Year Built

  • 1954

Home Design

  • Triplex

Interior Spaces

  • 3,450 Sq Ft Home
  • 1-Story Property

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Additional Features

  • 6,098 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

Overview

Building Details

  • Gardener Expense $400
  • Insurance Expense $4,000
  • Maintenance Expense $4,000
  • Trash Expense $900
  • Operating Expense $29,300
  • Gross Income $114,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,928

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: EA00E2
  • Subclass: Triplex
  • Style: Art Deco
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 3450
  • Stories: 1

Exterior Features

  • Roof: Tar And Gravel
  • Yard/Grounds: Balcony / Patio, Bbq Area, Dog Run / Kennel, Fenced

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6098.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6098.00

Rental Info

  • Gross Rent Multiplier: 29.17

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4000
  • Expense Landscape: 400
  • Expense Maintenance: 4000
  • Expenses Total: 29300
  • Expense Trash: 900
  • Income Annual Gross: 114000.00
  • Income Annual Rental: 120000
  • Income Gross Scheduled: 120000
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

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 $13,928 $1,133,831 $768,700 $365,131
2023 $13,928 $1,089,804 $738,851 $350,953
2022 $13,340 $1,068,436 $724,364 $344,072
2021 $13,144 $1,047,487 $710,161 $337,326
2020 $12,999 $1,036,748 $702,880 $333,868
2019 $12,400 $1,016,421 $689,099 $327,322
2018 $11,719 $996,492 $675,588 $320,904
2017 $11,530 $976,954 $662,342 $314,612
2016 $11,414 $957,799 $649,355 $308,444
2015 $11,139 $943,413 $639,602 $303,811
2014 $11,136 $924,934 $627,074 $297,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 For Sale $3,500,000 -- $1,014 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $885,000 North American Title Co Inc
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- --
Grant Deed $385,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $447,500 Commercial
Previous Owner $443,665 Commercial
Source: Public Records

Source: MLSListings

MLS Number: ML82027074

MLSListings

APN: 032-131-030