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.
Property Details
Property Features
Property Information:
Year Built: 1967
Stories: 0
Living Area: 25,767 SqFt
Listing Office:
Office Name: Coldwell Banker Commercial Realty
Office Phone: (415) 474-1750
Listing Agent: Kevin S Caravelli
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 26
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Garage Door Opener, Underground
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.35 Acres
School Info
Assigned Schools Information:
Burlingame High School, Public District Grades 9-12
Burlingame Intermediate School, Public District Grades 6-8
Washington Elementary School, Public District Grades KG-5
Price Information
Listing Price Info
Price Summary:
List Price: $12,750,000
Price Per SqFt: $495/SqFt
Tax Information:
Annual Amount: $10,664
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Washington Elementary School
801 Howard Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
Middle School
7
/10
Burlingame Intermediate School
1715 Quesada Way
Distance between this listing and this school2.34 miles
Public District Grades 6-8
High School
9
/10
Burlingame High School
1 Mangini Way
Distance between this listing and this school0.53 miles
Public District Grades 9-12
Assigned Schools
8
/10
Washington Elementary School
801 Howard Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
Nearby Schools
2
/10
San Mateo Park Elementary School
161 Clark Dr
Distance between this listing and this school0.48 miles
Public Magnet Grades KG-5
7
/10
McKinley Elementary School
701 Paloma Ave
Distance between this listing and this school0.61 miles
Public District Grades KG-5
Assigned Schools
7
/10
Burlingame Intermediate School
1715 Quesada Way
Distance between this listing and this school2.34 miles
Public District Grades 6-8
Nearby Schools
8
/10
Crocker Middle School
2600 Ralston Ave
Distance between this listing and this school1.12 miles
Public District Grades 6-8
8
/10
North Shoreview Montessori Elementary School
1301 Cypress Ave
Distance between this listing and this school1.68 miles
Public Magnet Grades KG-8
Assigned Schools
9
/10
Burlingame High School
1 Mangini Way
Distance between this listing and this school0.53 miles
Public District Grades 9-12
Nearby Schools
7
/10
San Mateo High School
506 N Delaware St
Distance between this listing and this school0.92 miles
Public District Grades 9-12
9
/10
Aragon High School
900 Alameda De Las Pulgas
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $68,555. Most Burlingame, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 1500 Newlands Ave in Burlingame, CA and zip code 94010 in the Burlingame Heights neighborhood. This 25,767 square foot home, which was built in 1967, sits on a 0.35 acre lot. Features: 26 bedrooms. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $12,750,000.
In March 2024, from all listings sold in Burlingame, CA there were more than 12 sold above asking price, over 2 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Burlingame, CA between February 2024 and March 2024 increased by 57.1%. In March 2024, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $2,401,000.
From Rocket Homes Real Estate and based on county public records data.
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
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