824 El Camino Real, Burlingame, California 94010, Burlingame, 94010 - bed, bath
ACTIVE$1,939,999
824 El Camino Real, Burlingame, California 94010
0Bed
0Bath
2,592Sqft
5,525Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Burlingame High School (9/10).
Top Cons:
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $2.325M to the current $1.939M, which may indicate initial overpricing or challenges in attracting buyers.
Compared to the nearby listings
Price:$1.94M vs avg $1.93M (+$9,999)60%
Size:2,592 sqft vs avg 2,592 sqft50%
Price/sqft:$748 vs avg $74850%
More Insights
Built in 1937 (88 years old).
Condition: Built in 1937, this triplex is described as 'well-maintained' and 'fully leased,' indicating functionality. However, the exterior images reveal an older property with visible wear on elements like the deck railing and an unkempt backyard. Crucially, there are no interior photos, especially of kitchens and bathrooms, which, given the property's age, strongly suggests these areas are functional but likely outdated in style and features. The property analysis also highlights the 'Age of Property' and 'potential for outdated systems.' While livable and income-producing, it would likely require minor updates and cosmetic renovations to modernize the interiors and enhance its appeal beyond basic functionality.
Year Built
1937
Close
-
List price
$1.94M
Original List price
$2.33M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
ML82005442
Home ConditionFair
Features
Deck
Patio
View-
About this home
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.
Nearby schools
8/10
McKinley Elementary School
Public,•K-5•0.2mi
7/10
Roosevelt Elementary School
Public,•K-5•0.5mi
8/10
Burlingame Intermediate School
Public,•6-8•1.5mi
9/10
Burlingame High School
Public,•9-12•0.6mi
Condition Rating
Fair
Built in 1937, this triplex is described as 'well-maintained' and 'fully leased,' indicating functionality. However, the exterior images reveal an older property with visible wear on elements like the deck railing and an unkempt backyard. Crucially, there are no interior photos, especially of kitchens and bathrooms, which, given the property's age, strongly suggests these areas are functional but likely outdated in style and features. The property analysis also highlights the 'Age of Property' and 'potential for outdated systems.' While livable and income-producing, it would likely require minor updates and cosmetic renovations to modernize the interiors and enhance its appeal beyond basic functionality.
Pros & Cons
Pros
Great Schools: High School: Burlingame High School (9/10).
Prime Location: Situated in a highly desirable Burlingame location, just blocks from transit, shops, dining, and major commuter routes, ensuring strong rental demand and long-term appreciation potential in a sought-after market.
Income-Generating Triplex: A fully leased triplex with three income-producing units, offering consistent cash flow and strong rental demand, ideal for investors seeking immediate returns.
Investment Versatility: This property caters to various investment strategies, including portfolio expansion, 1031 exchanges, or owner-occupancy with income offset, appealing to both seasoned and first-time multi-unit buyers.
Well-Maintained & Functional: Described as a well-maintained property with separate utilities for each unit and on-site parking, enhancing tenant satisfaction and simplifying property management.
Strong School District: Located within a highly-rated school district, with nearby elementary, middle, and high schools boasting ratings of 7-9, which is attractive to families and supports property value.
Cons
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $2.325M to the current $1.939M, which may indicate initial overpricing or challenges in attracting buyers.
Age of Property: Built in 1937, the property's age, despite being described as well-maintained, could imply potential for outdated systems (plumbing, electrical) or higher future capital expenditure requirements for renovations or repairs.
Limited Unit Specifics: The description lacks detailed information regarding the individual units, such as bedroom/bathroom counts per unit, interior condition, or recent renovations, which can make it difficult for buyers to fully assess the asset without further investigation.