1132 Paloma Avenue

Burlingame, CA 94010

$2,680,000
Last Sold Price
Beds
5,095 Sq. Ft.
$526 / Sq. Ft.
5,095
Sq. Ft.
$526
per Sq. Ft.

Description

Rare opportunity to purchase a fourplex in Burlingame's Broadway Neighborhood. This fourplex, located just a half-block from Broadway, has a nice mix of one 3-Bedroom/2-Bathroom, two 2-Bedroom/1-Bathroom and one 1-Bedroom/1-Bathroom unit. Unit 1 (2-Bedroom/1-Bathroom) has a spacious, private backyard. There are 3 large locking garages, and 5 carports for plenty of parking for the four units. All units have storage and onsite laundry. Steps away from shopping, groceries, and restaurants on Broadway,...Rare opportunity to purchase a fourplex in Burlingame's Broadway Neighborhood. This fourplex, located just a half-block from Broadway, has a nice mix of one 3-Bedroom/2-Bathroom, two 2-Bedroom/1-Bathroom and one 1-Bedroom/1-Bathroom unit. Unit 1 (2-Bedroom/1-Bathroom) has a spacious, private backyard. There are 3 large locking garages, and 5 carports for plenty of parking for the four units. All units have storage and onsite laundry. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great value add opportunity!

Listing Agents

  1. Nate Gustavson

    Nate Gustavson

    Listing Agent

    Compass

    DRE #01898316

  2. Cameron Foster

    Cameron Foster

    Alternative Listing Agent

    Compass

    DRE #00972394

Property Details for 1132 Paloma Avenue

MLS City Name
BURLINGAME
Building Type
FOURPLEX
Garage Spaces
3
Parking Spaces
0
Cross Street
Broadway

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394

Sold By The RE Discount Concept, Kathryn Mendaros, DRE #01826044

Add your commute
LISTING UPDATED: 05/04/2023 11:21 AM

Property Details for 1132 Paloma Avenue

StatusSold
MLS #ML81918090
Days on Compass34
Taxes$31,640 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1975
Lot Size0.13 AC / 5,750 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394

Sold By The RE Discount Concept, Kathryn Mendaros, DRE #01826044

Add your commute

Building Information for 1132 Paloma Avenue

Stories2Residences4Year Built1975Building Size-Lot Size0.13 AC / 5,750 SF

Payment Calculator

$17,263 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,626

Property Taxes

$2,637

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1132 Paloma Avenue

Features
Room Information
  • Kitchen: Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 5095
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Electric
  • Meters: Master Gas, Master Water, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Burlingame Terrace-Easton Addition
  • Roof: Other
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1132
  • Street Name: Paloma
  • Street Suffix: Avenue
  • Area ID: 465
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 5095
  • Structure SqFt Source: Assessor
  • Age: 48
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 026-193-210
  • 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
  • Horse Property: No
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $31,640
  • Building Unit Total: 4
  • Capitalization Rate: 2.35
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,728
  • Expense Landscape: $2,530
  • Expense Maintenance: $3,800
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $982
  • Expenses Utility: $11,266
  • Expenses Total: $52,946
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Gardener, Utilities
  • Gross Rent Multiplier: 22.99
  • Income Annual Gross: $119,194
  • Income Annual Rental: $121,260
  • Income Gross Scheduled: $122,880
  • Income Other: $1,620
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Approx Square Footage: 692
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Approx Square Footage: 789
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Approx Square Footage: 1153
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 863
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1132 Paloma Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1132 Paloma Avenue

Taxable ValueLand$87,684Additions$418,591Total$506,275
Tax Record2023$6,248 ($521 / month)
Home Facts
Baths5Total Finished SqFt5,095 SqFtAbove Grade Finished SqFt5,095 SqFtStories2Lot Size5,750 SqFtStyleQuadraplexYear Built1975ZoningR30000CountySAN MATEOAPN026-193-210

Schools near 1132 Paloma Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Roosevelt 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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394

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.