1404 Floribunda Avenue

Burlingame, CA 94010

$30,400,000
Price
Beds
55,082 Sq. Ft.
$552 / Sq. Ft.
55,082
Sq. Ft.
$552
per Sq. Ft.

Description

1239 Oak Grove Ave & 1404 Floribunda Ave are comprised of 76-units located on adjacent lots situated two blocks from Downtown Burlingame, CA. Situated on two parcels of land totaling nearly 1 acre, the subject properties were originally constructed in 1958 and have a combined gross building area of approximately 55,082 square feet, offering tenants beautifully designed one-bedroom and studio floor plans. Tenants and residents also enjoy access to attractive community amenities including laundry facilities,...1239 Oak Grove Ave & 1404 Floribunda Ave are comprised of 76-units located on adjacent lots situated two blocks from Downtown Burlingame, CA. Situated on two parcels of land totaling nearly 1 acre, the subject properties were originally constructed in 1958 and have a combined gross building area of approximately 55,082 square feet, offering tenants beautifully designed one-bedroom and studio floor plans. Tenants and residents also enjoy access to attractive community amenities including laundry facilities, picnic area and private parking. 1239 Oak Grove Ave & 1404 Floribunda Ave offer tenants and residents close proximity to both Downtown Burlingame (2 blocks) and the Broadway Business District (1.2 miles). Both districts feature a growing variety of locally owned businesses, shops, and boutiques, along with many restaurants and cafes.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1404 Floribunda Avenue

MLS City Name
BURLINGAME
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752
Add your commute
LISTING UPDATED: 04/04/2024 03:07 PM

Property Details for 1404 Floribunda Avenue

StatusPending ( Do Not Show )
MLS #ML81923599
Days on Compass245
Taxes$342,971 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.97 AC / 42,209 SF
CountySan Mateo County

Location

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

Building Information for 1404 Floribunda Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.97 AC / 42,209 SF

Payment Calculator

$194,486 per month

30 year fixed, 7.25% Interest

Principal and Interest

$165,905

Property Taxes

$28,581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1404 Floribunda Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 55082
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: None
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 73
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 76
  • Area Text: Burlingame Downtown Area
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1404
  • Street Name: Floribunda
  • Street Suffix: Avenue
  • Area ID: 461
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 55082
  • Structure SqFt Source: Other
  • Age: 65
Development Information
  • Zoning Detail: X
Location Information
  • Parcel Number: 029-131-280
  • 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 Slab
  • Lot Acres: .97
  • 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: 72
General Information
  • Annual Tax Amount: $342,971
  • Capitalization Rate: 3.41
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $32,326
  • Expense Landscape: $7,800
  • Expense Maintenance: $38,000
  • Expense Management: $51,166
  • Expense Trash: $32,770
  • Expenses Other: $70,066
  • Expenses Utility: $117,189
  • Expenses Total: $692,288
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 17.07
  • Income Annual Gross: $1,727,551
  • Income Annual Rental: $1,762,740
  • Income Gross Scheduled: $1,780,980
  • Income Other: $18,240
Unit 1 Information
  • Unit 1 Full Bathrooms: 0
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1

Property History for 1404 Floribunda 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 1404 Floribunda Avenue

Taxable ValueLand$453,602Additions$736,688Total$1,190,290
Tax Record2023$14,718 ($1,227 / month)
Home Facts
Baths4Total Finished SqFt27,894 SqFtAbove Grade Finished SqFt27,894 SqFtStories3Lot Size21,905 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountySAN MATEOAPN029-131-280

Schools near 1404 Floribunda 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
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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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 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.