1500 Newlands Ave, Burlingame, CA 94010
FOR SALE0.35 ACRES

1500 Newlands Ave
Burlingame, CA 94010

  • Studio
  • 25,767 sqft (on 0.35 acres)
  • Studio
  • 25,767 sqft (on 0.35 acres)

$12,750,000

Est. Mortgage $80,073/mo*
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Local Information

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Description

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 Website

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$495
Listed
16 days ago

Home Details for 1500 Newlands Ave

Interior Features

Interior Details
Number of Rooms: 66
Dimensions and Layout
Living Area: 25767 Square Feet
Levels, Entrance, & Accessibility
Levels: Two
View
No View

Exterior Features

Parking & Garage
No CarportHas a GarageNo Open ParkingParking Spaces: 24Parking: Garage Door Opener,Underground
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 16

Property Information

Year Built
Year Built: 1967
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 028292300

Price & Status

Price
List Price: $12,750,000Price Per Sqft: $495
Status Change & Dates
Possession Timing: Subject To Tenant Rights

Active Status

MLS Status: Active

Location

Direction & Address
City: Burlingame

Agent Information

Listing Agent
Listing ID: 424023977

Building

Building Area
Building Area: 25767 Square Feet

Community

Number Of Vacant Units: 1

HOA

Association for this Listing: San Francisco Association of REALTORSHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.35 acres

Listing Info

Special Conditions: Standard

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Are Units Furnished: All Units

Miscellaneous

Mls Number: 424023977Listing Url
Last check for updates: 1 day ago
Listing courtesy of Kevin S. Caravelli DRE #01988049, (707) 217-2819
Coldwell Banker Commercial Rea, (415) 474-1750
Originating MLS: San Francisco Association of REALTORS
Source: SFAR, MLS#424023977

Price History for 1500 Newlands Ave

DatePriceEventSource
04/13/2024$12,750,000Listed For SaleSFAR #424023977
12/03/2021$10,050,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$116,437
Assessment$10,251,000
Home facts updated by county records

Comparable Sales for 1500 Newlands Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
230 Grand Blvd, San Mateo, CA
0.63
Multi-Family Home
$2,600,000
07/05/23
4
5
6,290
400 E Poplar Ave, San Mateo, CA
0.92
Multi-Family Home
$2,700,000
05/25/23
-
7,949
State Sanmateo, San Mateo, CA
0.51
Multi-Family Home
-
11/14/23
5
6
4,403
247 E Bellevue Ave, San Mateo, CA
0.67
Multi-Family Home
$1,720,000
09/20/23
6
6
3,350
723 Linden Ave, Burlingame, CA
0.61
Multi-Family Home
$1,760,000
06/22/23
-
2,250
603 N Delaware St, San Mateo, CA
0.86
Multi-Family Home
$1,600,000
01/18/24
5
4
3,212

What Locals Say about Burlingame

  • Kagan Topalli
    "I live in this neighborhood for the last four years. Friendly people. There are Great restaurants and very good cafes. "
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  • Trulia User
    "I feel it’s a very comfortable area, it has a lots of parks and restaurants in here. We usually go to the park on the weekend, and have a lots of fun there. There’s also have a Japanese park there. That’s very beautiful ! "
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  • Trulia User
    "Commute can be tough. Not as bad as LA, and there are times where traffic is light. Especially between 5 and 7 AM and 10AM to 3PM"
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  • Trulia User
    "Fairly safe, not much community feel even for holidays. Very few people put up decorations. People on streets don’t tend to say hi or respond when you say hello. They look at you weirdly if you do so typically."
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  • Dad of three
    "Very friendly and family oriented neighborhood with many kids of all ages. It’s an easy place to like. "
    4
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  • Nancy H.
    "I always see people walking their dogs but there’s a lot of signs on homes that do not want dogs to do their business on their property. Quote of bit of signs everywhere"
    3
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  • Nolan_n
    "It’s an awesome:e neighborhood to live in. Clean. Safe. I would recommend it to anyone. Thanks. See you. "
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  • Yvette B.
    "We all look out for each other and everyone is friendly. Weather is great and we are close to San Francisco airport "
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  • Alejandro S.
    "Going into the city any time after 7 is a nightmare, regardless of taking 101 or 280. With my work I try to leave by 6 to avoid traffic and getting to work in time. RIP Harambe"
    1
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  • Angela B. B.
    "Music in the park, farmers market, Christmas tree lighting ceremony not too sure what else there is "
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  • Pipisa16bbseanbrennan
    "Safe community, it has excellent schools and everyone seems to work together to improve neighborhood for everyone "
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  • Shiv K.
    "Great place to raise a family. Great schools, great downtown and proximity to airport and Silicon Valley. Top five zip code in the country. Plethora of parks, nearby hiking places and water sports. Cost of living is high but no other negative aspect at all. "
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  • Pipisa16bbseanbrennan
    "Music in park Burlingame Ave shopping Campout nite in Washington Park. Halloween is great in this neighborhood. Schools are fantastic and a very friendly sociable set of parents Tree lighting at XMAS "
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  • V_difuccia
    "People love pets in this neighborhood; everyone is friendly and kids feel safe to play with their pets in the streets. "
    1
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  • yu ki jung
    "old, harsh, mechanical people who you couldn't be comfortable between them. they are not felexible with young people. no one of their children live around here too. I mean many people grew up here but almost all of them left burlingame. "
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  • Leslie
    "Freeway is a nightmare no matter which direction you go. There is ALWAYS traffic between Burlingame and Redwood City. But the train is easy to get to, and BART is a short drive. Both are a lot more pleasant than dealing with traffic!"
    1
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  • Bret M.
    "Pretty quiet and suburban. A lot of local restaurants and stores. A pretty homey feel to the neighborhood. I love it."
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  • Maria B.
    "Halloween and Christmas tree lighting ceremony multiple festivals during the year and farmers market"
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  • Meredith
    "There are a lot of small neighborhood parks that have playgrounds or areas safe for riding bikes or scooter."
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  • Leslie
    "People are generally friendly, saying hi on the street, stopping to chat. Loads of people walking around the two downtown areas."
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  • Mojahed A. .
    "They’re going to love it. Great place for dog walks and exercise for those who’re busy. I dog have a dog but I always see my neighbors walking theirs. "
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  • Becca F.
    "Christmas tree lightings, parades and lots of fun small shops make Burlingame a great place to raise a family. "
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  • Alinamakei90
    "I believe it’s the best one in Bay Area . You can find a decent prose here for current rentals. The city is small and cute . Only one Park however- Washington Park "
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  • Trevor B.
    "Easy for the Bay Area. Drive, Caltrain or BART to downtown San Francisco. 20-40 minutes depending on traffic. "
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  • Tim
    "Roads are narrow, sometimes single lane, with no shoulder and no way to get off the road in places due to bridges and rock walls. dangerous to walk on especially at night or during morning and evening commute. "
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  • Kristin O.
    "Annual block parties, high walkscore, great community center with tennis courts, boche ball courts, basketball courts & baseball fields, all of which are in wonderful condition. Multiple parks with wonderful play structures for children. Community is very much centered around families & is very kid/ family friendly. Safe. "
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  • Kvmarch81
    "Beautiful tree lined streets, convenient walking location to restaurants and shops. Friendly neighbors."
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  • Docallred
    "Neighbors all know each other, kids play outside (and in the street), safe, parks are close and we walk there regularly after dinner just to get some fresh air. "
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LGBTQ Local Legal Protections

Kevin S. Caravelli, Coldwell Banker Commercial Rea
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1500 Newlands Ave, Burlingame, CA 94010 is a studio, 25,767 sqft multi-family built in 1967. This property is currently available for sale and was listed by SFAR on Apr 13, 2024. The MLS # for this home is MLS# 424023977.