1500 Newlands Avenue

Burlingame, CA 94010

$12,750,000
Price
Beds
25,767 Sq. Ft.
$495 / Sq. Ft.
25,767
Sq. Ft.
$495
per Sq. Ft.

Description

1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated...1500 Newlands Avenue is a well-constructed elevatored 20-unit apartment with secured parking for 24 cars and 21 storage lockers. It features a mix of (6) Two-Bedroom/1 Bathroom and (14) One-Bedroom/1 Bathroom units, all have a private patio or balcony. Current ownership has implemented a renovation program for 17 out of 20 units, giving a clear and proven plan for considerable rental upside upon turnover. Renovated units feature an in-unit washer/dryer, hardwood flooring, and recessed lighting. Renovated kitchens feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. Bathrooms have sleek tiling with high-end shower heads and faucets. The building recently had new exterior and interior painting, brand new water-efficient landscaping, a new sewer main, and a security camera system throughout. This is a rare opportunity for investors to acquire an efficiently operated trophy property in a low-density A+ Location, on a prominent corner, just 3 short blocks from Burlingame Avenue.
  1. Listed by Kevin S Caravelli • DRE #01988049 • Brokerage DRE #01908304 • Coldwell Banker Commercial Realty

Property Details for 1500 Newlands Avenue

Parking Features
Automatic Door, Underground Parking
Cross Street
El Camino Real
Total Parking Spaces
24

Location

Listing Courtesy of Coldwell Banker Commercial Realty, Kevin S Caravelli, DRE #01988049
Add your commute
LISTING UPDATED: 04/13/2024 03:35 PM

Property Details for 1500 Newlands Avenue

StatusActive
MLS #424023977
Days on Compass16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1967
Lot Size0.35 AC / 15,298 SF
CountySan Mateo County

Location

Listing Courtesy of Coldwell Banker Commercial Realty, Kevin S Caravelli, DRE #01988049
Add your commute

Building Information for 1500 Newlands Avenue

Stories-Residences20Year Built1967Building Size-Lot Size0.35 AC / 15,298 SF

Payment Calculator

$79,285 per month

30 year fixed, 7.25% Interest

Principal and Interest

$69,582

Property Taxes

$9,703

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1500 Newlands Avenue

Summary
Location and General Information
  • Area/District: Burlingame Park
  • Area Short Display: 900460
  • Location Description: Burlingame Park
Taxes and HOA Information
  • APN: 028-292-300
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 24.0
  • Parking: Automatic Door, Underground Parking
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Landscape Front
Property and Assessments
  • Possession: Subject To Tenant Right
  • Picture Count: 11
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: All Units
Green Features
  • Green Verification Year: 0
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 0
  • Levels: Two
Interior Features
  • Full Bathrooms: 0
  • # of Rooms: 66
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 14
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 13
2 Bedroom Unit
  • # of 2 Bedroom Units: 6
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 6
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 16.03
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 33611.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 20
  • # Of Units Total: 20
  • # Of Units Vacant: 1
  • # Of Units Leased: 19
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 1500 Newlands 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 1500 Newlands Avenue

Taxable ValueLand$5,610,000Additions$4,641,000Total$10,251,000
Tax Record2023$116,437 ($9,703 / month)
Home Facts
Baths2Total Finished SqFt25,767 SqFtAbove Grade Finished SqFt25,767 SqFtStories3Lot Size15,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountySAN MATEOAPN028-292-300

Schools near 1500 Newlands 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
Washington 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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1500 Newlands Avenue is a multi-family home for sale in Burlingame, CA 94010. This property was listed for sale on April 13, 2024 by Coldwell Banker Commercial Realty, it's currently listed at $12,750,000. This listing's school districts are San Mateo Union High School District, Burlingame Elementary School District. Nearby schools include Washington Elementary School, Burlingame Intermediate School and Burlingame High School. 1500 Newlands Avenue is a 0-bed, 0-bath, 25,767 sqft multi-family home built in 1967.

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 Coldwell Banker Commercial Realty, Kevin S Caravelli, DRE #01988049

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.