2618 Martinez Drive, Burlingame, California 94010, Burlingame, 94010 - 2 bed, 2 bath
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Burlingame, California 94010
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000—positioned well below the $2,602,897 Fair Market Value by 3%. This valuation gap offers $102,897 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization but offers significant upside through its 2,000 sqft floor plan and distant panoramic views. Located in the prestigious Mills Estate, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2618 Martinez Drive Subject | $2,500,000* List Price | 2 | 2 | 2,000 | $1,301 | - |
A 1810 Hillside Drive Sold | $2,750,000 | 2 | 2 | 2,040 | $1,348 | 0.8 mi |
B 1341 Balboa Sold | $2,500,000 | 3 | 3 | 2,480 | $1,008 | 0.9 mi |
C 1612 Easton Drive Active | $3,149,000 List Price | 3 | 2 | 2,017 | $1,561 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958 and held by the same owner for over 40 years, the property is well-maintained but significantly dated. While the listing mentions 'fresh updates' (likely paint and carpet), the original wood paneling, brick fireplace, and overall aesthetic suggest that the kitchen, bathrooms, and major systems are likely over 30 years old and require modernization to meet current market standards.
Situated in the highly sought-after Mills Estate neighborhood, the property offers excellent proximity to top-rated schools, local shopping, and major commuter routes.
The 2,000 square foot floor plan is exceptionally generous for a two-bedroom home, featuring large formal and casual living areas that seamlessly transition to the outdoor space.
Coming to the market for the first time in over 40 years, this property presents a rare opportunity for buyers to build equity through personalized modernizations and upgrades.
With only two bedrooms at a $2.5M price point, the property may have limited appeal for larger families or buyers requiring multiple guest rooms and a dedicated home office.
Given the long-term ownership and 'opportunity to personalize' mention, the home likely requires substantial aesthetic and functional updates to meet modern luxury standards.
On the market for the first time in more than 40 years, this home presents an outstanding opportunity in the desirable Mills Estate neighborhood close to shopping, commuter routes, and highly regarded schools. With some fresh updates, the home has a spacious and comfortable floor plan that is ready to enjoy today while also providing the opportunity to personalize over time. Generously scaled formal and casual living areas open to the rear yard, creating inviting spaces for everyday living and entertaining. The large primary suite also opens to the rear yard plus there is an attached two-car garage adding to the home's appeal. The private, low-maintenance rear yard offers room to play, garden, or enjoy outdoor gatherings at this sought-after location in one of Burlingame's most established neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,000 | 2,080 |
| Lot Size | 7,990 | 6,125 |
| Price | $2.50M | $3.13M |
| Price per sq ft | $1.2K | $1.5K |
| Built year | 1958 | 1934 |
| HOA | $0 | $0 |
| Days on market | 2 | 31 |
Jul 20, 2026
$2,500,000
Initial Listing