6 months on rocket

Sale Pending

1500 Newlands Ave, Burlingame, CA, 94010

$12,250,000

26 Bedrooms
0 Baths
25,767 SqFt
$475/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
ParkingGarage Door Opener, Underground
Year Built1967
MLS #424023977
Lot Size0.35 Acres
StatusSale Pending
(Contingent - No Show)

About 1500 Newlands Ave

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

Parking Information:

  • Parking: Garage Door Opener, Underground

Lot Features

Lot Information:

  • 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: $12,250,000
  • Price Per SqFt: $475/SqFt

Tax Information:

  • Annual Amount: $10,664
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Burlingame, CA.

Med. Sold Price

$2.6M

Med. Price/SqFt

$1,317

Avg. Days On Market

27

# of Sold Homes

18

1500 Newlands Ave vs Burlingame

201 DAYS ON ROCKET

+174 Days

$12,250,000

+$9.6M More

$475/SqFt

-$842 Less

KEY TAKEAWAY

This property is $9.6M more than the Median Sold Price and $842/SqFt less than other homes in Burlingame, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: San Francisco Association of REALTORS®
  • MLS Number: #424023977

Listing Office:

  • Office Name: Coldwell Banker Commercial Realty
  • Office Phone: (415) 474-1750
  • Listing Agent: Kevin S Caravelli

IDXListings 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.
© 2024 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,664$867,159
2020$10,442$858,268
2019$10,246$841,440
2018$10,247$824,942
2017$10,166$808,768

History based on county public records data.

Payment Calculator

$61.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$36.7K

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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

school-card-donut-819668
7
/10
  • Washington Elementary School

  • 801 Howard Ave

  • 0.50 miles

  • Public District Grades KG-5

Middle School

school-card-donut-819669
7
/10
  • Burlingame Intermediate School

  • 1715 Quesada Way

  • 2.34 miles

  • Public District Grades 6-8

High School

school-card-donut-819670
9
/10
  • Burlingame High School

  • 1 Mangini Way

  • 0.53 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,555. Residents of Burlingame, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesCaliforniaSan Mateo CountyBurlingame940101500 Newlands Ave

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 $12,250,000.

In September 2024, from all listings sold in Burlingame, CA there were more than 9 sold above asking price, over 3 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Burlingame, CA decreased by 2.3% between August 2024 and September 2024. In September 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $2,600,000.

From Rocket Homes Real Estate and based on county public records data.

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