$325K PRICE DROP
PRE-FORECLOSURE
The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.
824 El Camino Real Burlingame, CA 94010
Burlingame Terrace NeighborhoodEstimated payment $12,130/month
Total Views
15,966
--
Bed
--
Bath
2,592
Sq Ft
$772
Price per Sq Ft
Highlights
- Forced Air Heating and Cooling System
- McKinley Elementary School Rated A
- 4-minute walk to Paloma Playground
About This Home
Exceptional Multi-Unit Investment in Prime Burlingame Location Welcome to 824 El Camino Real a rare opportunity to own a fully leased triplex in the heart of Burlingame. This well-maintained property offers three income-producing units, each with strong rental demand, separate utilities, and on-site parking. Located just blocks from transit, shops, dining, and major commuter routes, this asset combines consistent cash flow with long-term appreciation potential. Whether youre looking to expand your portfolio, complete a 1031 exchange, or explore owner-occupancy with income offset, this property checks all the boxes. The layout, condition, and location make it ideal for both seasoned investors and first-time multi-unit buyers. Dont miss this rare chance to secure a high-performing asset in one of the Peninsulas most sought-after markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,807
Year Built
- 1937
Lot Details
- 5,523 Sq Ft Lot
Home Design
- Triplex
- Brick Foundation
- Shingle Roof
Interior Spaces
- 2,592 Sq Ft Home
- 2-Story Property
Parking
- 3 Parking Spaces
- 3 Carport Spaces
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Month-to-Month Lease Term
Community Details
Overview
- 2,592 Sq Ft Building
Building Details
- 3 Leased Units
- Gardener Expense $400
- Insurance Expense $2,400
- Maintenance Expense $500
- Trash Expense $550
- Operating Expense $16,850
- Gross Income $23,420
Map
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Home Values in the Area
Average Home Value in this Area
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 | $15,807 | $1,400,872 | $700,436 | $700,436 |
| 2023 | $15,807 | $1,346,476 | $673,238 | $673,238 |
| 2022 | $15,244 | $1,320,076 | $660,038 | $660,038 |
| 2021 | $15,262 | $1,294,194 | $647,097 | $647,097 |
| 2020 | $14,944 | $1,280,924 | $640,462 | $640,462 |
| 2019 | $14,615 | $1,255,808 | $627,904 | $627,904 |
| 2018 | $14,336 | $1,231,186 | $615,593 | $615,593 |
| 2017 | $14,230 | $1,207,046 | $603,523 | $603,523 |
| 2016 | $13,707 | $1,183,380 | $591,690 | $591,690 |
| 2015 | $13,645 | $1,165,606 | $582,803 | $582,803 |
| 2014 | $13,445 | $1,142,774 | $571,387 | $571,387 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $1,999,999 | -8.0% | $772 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $2,175,000 | -6.5% | $839 / Sq Ft |
| 02/07/2025 02/07/25 | For Sale | $2,325,000 | -- | $897 / Sq Ft |
Source: MLSListings
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Grant Deed | $1,005,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Ins | |
| Grant Deed | $495,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,108,000 | Commercial | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $145,000 | Commercial | |
| Previous Owner | $753,750 | Negative Amortization | |
| Previous Owner | $575,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $524,000 | Unknown | |
| Previous Owner | $525,000 | No Value Available | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $429,000 | Unknown | |
| Previous Owner | $400,000 | No Value Available | |
| Closed | $21,925 | No Value Available | |
| Closed | $100,500 | No Value Available |
Source: Public Records
Similar Homes in Burlingame, CA
Source: MLSListings
MLS Number: ML82005442
APN: 029-012-190
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