$1,699,000
$201K PRICE DROP

Estimated payment $9,325/month

Total Views 24,425
4 Beds
3 Baths
2,744 Sq Ft
$619 Price per Sq Ft

Highlights

  • Balcony
  • 3 Car Attached Garage
  • Tile Flooring
  • McKinley Elementary School Rated A
  • Storage Room
  • ENERGY STAR Qualified Appliances

About This Home

Discover a fantastic investment opportunity with this charming triplex nestled in the beautiful community of coveted Burlingame. Two units consist of one bedroom, one bathroom, 1 of which has been freshly remodeled, and one unit is two bedrooms, one bathroom. The property welcomes you with a beautifully maintained, low-maintenance yard. Each of the three spacious units features a seamless floor plan, complete with a garage and ample storage space. Enjoy bright and airy living rooms, cozy dining areas, and open kitchens. The bedrooms serve as peaceful retreats, offering generous closet space and large windows, while the conveniently located bathrooms enhance the comfort of each unit. A common laundry room adds convenience for residents. Located near Burlingame's vibrant downtown, Alpine Park, the public library, Caltrain station, and Highway 101, this property offers easy access to restaurants, shops, nightlife, and more. Approximately four miles from San Francisco International Airport and approximately fifteen miles to downtown San Francisco.

Listing Agent

Cynthia Smith

Compass License #01349837 Listed on: 06/13/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,272

Year Built

  • 1959

Lot Details

  • 4,169 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 3 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,744 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer

Kitchen

  • Electric Oven
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Gardener Expense $1,680
  • Insurance Expense $2,092
  • Manager Expense $2,624
  • Trash Expense $1,886
  • Operating Expense $11,518
  • Gross Income $48,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,272

Year Built

1959

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM0000
  • Subclass: Triplex
  • Age: 66
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2744
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2744
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Tile, Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle, Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, On Street, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High
  • Elementary School: McKinley Elementary
  • Middle School: Burlingame Intermediate
  • High School: San Mateo High
  • High School: 672
  • Elementary School: 655
  • Middle School: 675

Lot Info

  • Lot Acres: 0.0957
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4170.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4170.00

Green Features

  • Energy Features: Energy Star Appliances

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 35.00
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2092
  • Expense Landscape: 1680
  • Expense Management: 2624
  • Expenses Total: 11518
  • Expense Trash: 1886
  • Income Annual Gross: 48540.00
  • Income Annual Rental: 48540
  • Income Gross Scheduled: 48540
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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 $3,272 $255,333 $111,010 $144,323
2023 $3,272 $245,420 $106,700 $138,720
2022 $3,163 $240,608 $104,608 $136,000
2021 $3,163 $235,891 $102,557 $133,334
2020 $3,101 $233,473 $101,506 $131,967
2019 $3,041 $228,896 $99,516 $129,380
2018 $2,987 $224,409 $97,565 $126,844
2017 $2,965 $220,009 $95,652 $124,357
2016 $2,857 $215,696 $93,777 $121,919
2015 $2,843 $212,457 $92,369 $120,088
2014 $2,805 $208,296 $90,560 $117,736
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $1,699,000 -10.6% $619 / Sq Ft
06/13/2025 06/13/25 For Sale $1,900,000 -- $692 / Sq Ft
Source: MLSListings

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 Credit Line Revolving
Closed $100,000 Credit Line Revolving
Source: Public Records

Source: MLSListings

MLS Number: ML82010935

MLSListings

APN: 026-240-070