615 Rollins Road

Sold 3/12/25
Sold 3/12/25
Gallery Image 1
Sold
Last Sold Price
$1,850,000
2,764 sqft$669/sqft
615 Rollins Rd, Burlingame, CA 94010
Multi FamilyProperty Type
5,769 sq ftLot Size
1951Year Built
$669/sq ftPrice per sq ft

Description

615 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...615 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.
  • Listed by: Robert Johnston DRE #01853816 Brokerage DRE #01240999 • Marcus & Millichap 650-391-1744
  • Listed by: Adam S. Levin DRE #01462752 Brokerage DRE #01240999 • Marcus & Millichap
Listing closed: 03/12/2025 12:00 AM • Source: MLSListings, MLS#: ML81983780

Recent comparable sales

Median sold price

$2,335,000

Avg days on market

58

Sale-to-list ratio

91.7%

Burlingame, CA

9 comparable properties found

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1110 Douglas Avenue, Burlingame, CA 94010

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1140 Paloma Avenue, Burlingame, CA 94010

$2,450,000 | 1116 Chula Vista Avenue, Burlingame, CA 94010
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a view of a house with brick walls and flower plants
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Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Sold By Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Cole Simpson, DRE #02016525

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$11,561 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,403

Property Taxes

$2,157

HOA Dues

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Property Information for 615 Rollins Road

Property Details
  • Taxes: $25,887 / year
  • MLS Type: RESIDENTIAL INCOME / Fourplex
  • County: San Mateo County
  • MLS City Name: BURLINGAME
  • Building Type: FOURPLEX
  • Garage Spaces: 0
  • Parking Spaces: 0
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1951
  • Lot Size: 0.13 AC / 5,769 SF
Features
Features
  • Fireplace: No
  • Living SqFt: 2764
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Burlinhome / Easton Add #2 / #3 / #5
  • Roof: Flat / Low Pitch
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 615
  • Street Name: Rollins
  • Street Suffix: Road
  • Area ID: 466
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2764
  • Structure SqFt Source: Assessor
  • Age: 73
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 029-083-060
  • 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: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $25,887
  • Building Unit Total: 4
  • Capitalization Rate: 3.23
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,179
  • Expense Landscape: $2,400
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $1,600
  • Expenses Other: $0
  • Expenses Utility: $5,000
  • Expenses Total: $40,066
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 19.37
  • Income Annual Gross: $112,675
  • Income Annual Rental: $115,200
  • Income Gross Scheduled: $116,160
  • Income Other: $960
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 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
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2

Property History for 615 Rollins Road

DateEvent & SourcePriceAppreciation
Mar 21, 2025

Sold (Public Record)

Public Record #1556128603

$1,850,000—
Mar 12, 2025

Sold

MLSListings #ML81983780

$1,850,000—
Mar 12, 2025

Sold

EBRD #ML81983780

$1,850,000—
DateEvent & SourcePrice
03/21/2025

Sold (Public Record)

Public Record #1556128603

$1,850,000
03/12/2025

Sold

MLSListings #ML81983780

$1,850,000
03/12/2025

Sold

EBRD #ML81983780

$1,850,000

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

Public Records for 615 Rollins Road

Taxable ValueLand$1,377,000Additions$510,000Total$1,887,000
Tax Record2025$3,242 ($270 / month)
Home Facts
Baths4Total Finished SqFt2,764 SqFtAbove Grade Finished SqFt2,764 SqFtStories2Lot Size5,775 SqFtStyleQuadraplexYear Built1951Year Renovated1951CountySAN MATEOAPN029-083-060

Schools near 615 Rollins Road

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
McKinley 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
McKinley 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 615 Rollins Road, Burlingame, CA 94010
$1,850,000
–
–
2,764
5,769
609 Rollins Road, Burlingame, CA 94010
$2,200,000
–
–
2,764
5,700
617 Rollins Road, Burlingame, CA 94010
$1,450,000
–
–
7,590
10,550
510 Oak Grove Avenue, Burlingame, CA 94010
–
2
1
1,230
5,960
500 Oak Grove Avenue, Burlingame, CA 94010
–
–
3
2,592
5,285
511 Marin Drive, Burlingame, CA 94010
$710,000
5
1,870
45,006,500

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

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.