615 Rollins Rd Burlingame, CA 94010
Burlingame Gardens Neighborhood
6
Beds
4
Baths
2,764
Sq Ft
5,767
Sq Ft Lot
About This Home
As of March 2025615 Rollins Rd is a stunning 4-unit multifamily asset located in the thriving city of Burlingame, California. Situated on a 5,769 square foot parcel of land, the subject property was originally constructed in 1951 and has a gross building area of approximately 2,7644 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private covered parking and on-site laundry. Burlingame is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. The city offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along the popular parallel retail streets Broadway Ave and Burlingame Ave. The investment appeal of this asset is driven by Burlingame's strong employment fundamentals, low vacancy levels, and moderate climate. With a world-class location in the heart of the Peninsula, 615 Rollins Rd presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining & entertainment options.
Last Agent to Sell the Property
Marcus & Millichap License #01853816 Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,387
Year Built
- 1951
Lot Details
- 5,767 Sq Ft Lot
Parking
- 4 Carport Spaces
Home Design
- Quadruplex
- Flat Roof Shape
- Concrete Perimeter Foundation
Interior Spaces
- 2,764 Sq Ft Home
- 2-Story Property
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $115,200
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $2,400
- Insurance Expense $3,179
- Maintenance Expense $2,000
- Utility Expense $5,000
- Trash Expense $1,600
- Operating Expense $40,066
- Gross Income $112,675
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2024
Closed on
Mar 21, 2025
Sold by
Pacific Bay Property Trust and Wurster Sharon B
Bought by
Hanhan George and Hanhan Evon
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Robert Johnston
Marcus & Millichap
List Price
$2,250,000
Sold Price
$1,850,000
Premium/Discount to List
-$400,000
-17.78%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,505
Avg. Annual Appreciation
-1.15%
Original Mortgage
$1,202,500
Outstanding Balance
$1,199,449
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$642,032
Purchase Details
Closed on
Oct 5, 2024
Sold by
Rollins Road Trust and Wurster Sharon B
Bought by
Pacific Bay Property Trust and Wurster
Purchase Details
Closed on
Nov 16, 2019
Sold by
Victoria Simpson Trust and Simpson Victoria
Bought by
Rollins Road Trust and Wurster
Similar Homes in Burlingame, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,850,000 | Chicago Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,202,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Sold | $1,850,000 | 0.0% | $669 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | Off Market | $1,850,000 | -- | -- |
| 10/15/2024 10/15/24 | For Sale | $2,250,000 | -- | $814 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $2,387 | $167,299 | $48,482 | $118,817 |
| 2023 | $2,387 | $160,804 | $46,600 | $114,204 |
| 2022 | $2,310 | $157,652 | $45,687 | $111,965 |
| 2021 | $2,308 | $154,562 | $44,792 | $109,770 |
| 2020 | $2,262 | $152,978 | $44,333 | $108,645 |
| 2019 | $2,222 | $149,979 | $43,464 | $106,515 |
| 2018 | $2,185 | $147,039 | $42,612 | $104,427 |
| 2017 | $2,167 | $144,157 | $41,777 | $102,380 |
| 2016 | $2,090 | $141,331 | $40,958 | $100,373 |
| 2015 | $2,079 | $139,209 | $40,343 | $98,866 |
| 2014 | $2,051 | $136,483 | $39,553 | $96,930 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Robert Johnston
Marcus & Millichap
(510) 304-8077
1 in this area
138 Total Sales
-
Seller Co-Listing Agent in 2025
Adam Levin
Marcus & Millichap
(650) 391-1782
1 in this area
99 Total Sales
-
Buyer Co-Listing Agent in 2025
Cole Simpson
Marcus & Millichap
(650) 888-7696
1 in this area
20 Total Sales
Map
Source: MLSListings
MLS Number: ML81983780
APN: 029-083-060
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