1775 Marco Polo Way

Burlingame, CA 94010

$17,500,000
Price
—
Beds
—
Baths
23,075 Sq. Ft.
$758 / Sq. Ft.
23,075
Sq. Ft.
$758
per Sq. Ft.
a car parked in front of a building
a front view of building with yard
a view of entryway with a road
a view of outdoor space
a view of a building with a yard
a view of a room with wooden floor and windows
a view of a kitchen with refrigerator and white cabinets
a kitchen with granite countertop white cabinets and white appliances
a bathroom with a sink a toilet and shower
a view of a hallway with wooden floor and closet
a view of a hallway with wooden floor
a kitchen with white cabinets and appliances
a view of empty room with wooden floor and fan
a view of hallway with wooden floor
a big room with wooden floor
a kitchen with stainless steel appliances a refrigerator and cabinets
a view of kitchen with wooden floor
a view of wooden floor and windows in a room
a view of an empty room with wooden floor
a bathroom with a sink toilet and shower
a view of a balcony with wooden floor
a view of a swimming pool with an outdoor seating and a garden
a view of a swimming pool with a patio and a yard

Description

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy...1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.
  1. Listed by Sam Runco • DRE #01977683 • Brokerage DRE #01240999 • Marcus & Millichap • 650-759-3414
  2. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1775 Marco Polo Way

MLS City Name
BURLINGAME
Building Type
Other
Garage Spaces
0
Parking Spaces
40
LISTING UPDATED: 12/09/2025 04:45 AM

Property Details for 1775 Marco Polo Way

StatusActive
MLS #ML81995355
Days on Compass288
Taxes$201,929 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.89 AC / 38,904 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218
Add your commute

Building Information for 1775 Marco Polo Way

Stories-Residences-Year Built1957Building Size-Lot Size0.89 AC / 38,904 SF

Payment Calculator

$103,301 per month

30 year fixed, 6.28% Interest

Principal and Interest

$86,474

Property Taxes

$16,827

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1775 Marco Polo Way

Features
Features
  • Fireplace: No
  • Living SqFt: 23075
  • Pool: Yes
  • Pool Type: Pool - Fenced
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Other
  • Meters: Master Electric, Master Water
  • Sewer Septic: Other
  • Utilities: Other
  • Water: Other
Carport and Parking
  • Carport Min: 40
Garage
  • Garage and Parking: Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 40
  • Area Text: Ray Park
  • Restrictions: Other
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1775
  • Street Name: Marco Polo
  • Street Suffix: Way
  • Area ID: 470
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 23075
  • Structure SqFt Source: Assessor
  • Age: 68
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 025-142-020
  • County Name: San Mateo
  • City Name: BURLINGAME
  • City Postal ID: 6
  • Postal Code: 94010
  • Elementary School District: 923
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Other
  • Lot Acres: .89
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 26
General Information
  • Annual Tax Amount: $201,929
  • Capitalization Rate: 5.43
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $22,629
  • Expense Landscape: $8,120
  • Expense Maintenance: $20,000
  • Expense Management: $26,063
  • Expense Trash: $19,225
  • Expenses Other: $9,784
  • Expenses Utility: $44,900
  • Expenses Total: $352,650
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Pool/Spa, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 13.04
  • Income Annual Gross: $1,302,260
  • Income Annual Rental: $1,312,536
  • Income Gross Scheduled: $1,342,536
  • Income Other: $30,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2

Property History for 1775 Marco Polo Way

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Price Change

MLSListings #ML81995355

$17,500,000—
Oct 10, 2025

Price Change

MLSListings #ML81995355

$17,995,000—
Aug 6, 2025

Listed (Active)

MLSListings #ML81995355

—
Aug 6, 2025

Listed (Active)

EBRD #ML81995355

—
Aug 5, 2025

Expired

MLSListings #ML81995355

$18,620,000—
Jun 4, 2025

Listed (Active)

MLSListings #ML81995355

—
Jun 4, 2025

Expired

EBRD #ML81995355

—
Jun 3, 2025

Expired

MLSListings #ML81995355

$19,000,000—
May 27, 2025

Price Change

EBRD #ML81995355

$19,000,000—
Apr 7, 2025

Price Change

EBRD #ML81995355

$19,500,000—
Apr 7, 2025

Price Change

MLSListings #ML81995355

$19,500,000—
Feb 25, 2025

Listed (Active)

EBRD #ML81995355

$20,000,000—
Feb 25, 2025

Listed (Active)

MLSListings #ML81995355

$20,000,000—
May 21, 2021

Sold (Public Record)

Public Record #1462624444

$13,500,000—
DateEvent & SourcePrice
11/14/2025

Price Change

MLSListings #ML81995355

$17,500,000
10/10/2025

Price Change

MLSListings #ML81995355

$17,995,000
08/06/2025

Listed (Active)

MLSListings #ML81995355

—
08/06/2025

Listed (Active)

EBRD #ML81995355

—
08/05/2025

Expired

MLSListings #ML81995355

$18,620,000
06/04/2025

Listed (Active)

MLSListings #ML81995355

—
06/04/2025

Expired

EBRD #ML81995355

—
06/03/2025

Expired

MLSListings #ML81995355

$19,000,000
05/27/2025

Price Change

EBRD #ML81995355

$19,000,000
04/07/2025

Price Change

EBRD #ML81995355

$19,500,000
04/07/2025

Price Change

MLSListings #ML81995355

$19,500,000
02/25/2025

Listed (Active)

EBRD #ML81995355

$20,000,000
02/25/2025

Listed (Active)

MLSListings #ML81995355

$20,000,000
05/21/2021

Sold (Public Record)

Public Record #1462624444

$13,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1775 Marco Polo Way

Taxable ValueLand$10,824,321Additions$3,788,512Total$14,612,833
Tax Record2024$162,239 ($13,520 / month)
Home Facts
Baths4Total Finished SqFt23,075 SqFtAbove Grade Finished SqFt23,075 SqFtStories2Lot Size38,904 SqFtStyleMulti-Family Res (5+ Units)Year Built1957CountySAN MATEOAPN025-142-020

Schools near 1775 Marco Polo Way

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Franklin Elementary School
Public - K to 5
Burlingame Intermediate School
Public - 6 to 8
Burlingame High School
Public - 9 to 12
Design Tech High
Charter - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Burlingame Intermediate School
Public6 to 8

Burlingame High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1775 Marco Polo Way, Burlingame, CA 94010

1775 Marco Polo Way is for sale in Burlingame, CA 94010. This property was listed for sale on February 25, 2025 by Marcus & Millichap, it's currently listed at $17,500,000. It has been on the market for a total of 288 days and was last sold on May 21, 2021. This listing's school districts are Burlingame Elementary School District, San Mateo Union High School District. Nearby schools include Franklin Elementary School, Burlingame Intermediate School and Burlingame High School. 1775 Marco Polo Way is a 0-bed, 0-bath, 23,075 sqft built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.