824 El Camino Real, Burlingame, California 94010, Burlingame, 94010 - 0 bed, 0 bath
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Burlingame, California 94010
This Fully Leased Triplex serves as a high-performing Residential Income Asset in a Prime Burlingame Location. Listed at $1,899,999, the property is priced accurately at its $1,899,999 Fair Market Value, offering price stability in a competitive Peninsula market. Despite a Condition Rating of 4 reflecting its 1937 vintage infrastructure and deferred maintenance, the asset provides immediate cash flow and features a private deck and patio. Proximity to Burlingame High School (9/10) ensures long-term tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 824 El Camino Real Subject | $1,899,999* List Price | 0 | 0 | 2,592 | $733 | - |
A 728 Laurel Avenue Pending | $1,995,000 List Price | 0 | 0 | 2,096 | $952 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, the property exhibits signs of age and deferred maintenance typical of its vintage. Exterior images show overgrown landscaping, weeds, and a dated carport structure with visible wear. While the listing describes the property as well-maintained and income-producing, the lack of interior photos and the 'vintage infrastructure' noted in the analysis suggest that kitchens, bathrooms, and major systems are likely functional but outdated, requiring minor updates to meet modern quality standards.
High School: Burlingame High School (9/10).
Situated in a highly sought-after Peninsula market, the property is blocks away from transit, dining, and retail, ensuring high rental demand and long-term appreciation.
This fully leased triplex features separate utilities for each unit and on-site parking, providing immediate cash flow and simplified management for investors.
Located directly on El Camino Real, the property is subject to significant vehicle noise and traffic congestion, which may deter some residential tenants.
Built in 1937, the property may require more frequent maintenance or capital improvements compared to modern builds to address aging systems and structural standards.
Exceptional Multi-Unit Investment in Prime Burlingame Location Welcome to 824 El Camino Real a rare opportunity to own a fully leased triplex in the heart of Burlingame. This well-maintained property offers three income-producing units, each with strong rental demand, separate utilities, and on-site parking. Located just blocks from transit, shops, dining, and major commuter routes, this asset combines consistent cash flow with long-term appreciation potential. Whether youre looking to expand your portfolio, complete a 1031 exchange, or explore owner-occupancy with income offset, this property checks all the boxes. The layout, condition, and location make it ideal for both seasoned investors and first-time multi-unit buyers. Dont miss this rare chance to secure a high-performing asset in one of the Peninsulas most sought-after markets.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,592 | 3,009 | 20% |
| Lot Size | 5,525 | 5,250 | 60% |
| Price | $1.90M | $2.70M | 40% |
| Price per sq ft | $733 | $733 | 50% |
| Built year | 1937 | 1959 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 353 | 139 | 0% |
Mar 13, 2026
$1,899,999
$1,939,999
-2% Price Drop
Initial Listing
Oct 28, 2025
$1,939,999
$1,999,999
-3% Price Drop
Initial Listing
Sep 2, 2025
$1,999,999
Initial Listing
May 4, 2025
$2,325,000
Initial Listing