1028 Chula Vista Avenue

Burlingame, CA 94010

$2,480,000
Price
Beds
4,651 Sq. Ft.
$533 / Sq. Ft.
4,651
Sq. Ft.
$533
per Sq. Ft.

Description

Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows...Rare opportunity to purchase a well-maintained fourplex in Burlingame's Broadway Neighborhood. This 1978 fourplex, located just a block-and-a half from Broadway, has a unit mix of (1) 2-Bedroom/1-Bathroom unit and (3) 1-Bedroom/1-Bathroom units. Unit 1 has a spacious, private backyard, Units 2 and 3 have been remodeled in 2022 and 2019, respectively. All four units have garbage disposals and dishwashers. The three spacious upstairs units (2, 3, 4) have vaulted ceilings with high vertical windows offering abundant natural light. There are dual pane windows in 3 of the 4 units and an abundance of parking with 5 carports, and a large private two-car garage. All units have storage and access to the on-site coin-operated laundry room. Sewer lateral compliance certified in 2023, and a new water heater was installed in 2023. Steps away from shopping, groceries, and restaurants on Broadway, 1 mile from Hwy 101 onramp, and 3 blocks from CalTrain station for convenient commuting up and down the Bay. This is a great opportunity for generational income property in one the nicest sub-markets on the Peninsula.

Listing Agents

  1. Nate Gustavson

    Nate Gustavson

    Listing Agent

    Compass

    DRE #01898316

  2. Cameron Foster

    Cameron Foster

    Alternative Listing Agent

    Compass

    DRE #00972394

Property Details for 1028 Chula Vista Avenue

MLS City Name
BURLINGAME
Building Type
FOURPLEX
Garage Spaces
2
Parking Spaces
1
Cross Street
Broadway

Open Houses

Friday, Nov 22nd

10:00 AM - 11:00 AM

Public

LISTING UPDATED: 11/18/2024 02:10 PM

Property Details for 1028 Chula Vista Avenue

StatusActive
MLS #ML81958303
Days on Compass246
Taxes$29,020 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1978
Lot Size0.13 AC / 5,750 SF
CountySan Mateo County

Building Information for 1028 Chula Vista Avenue

Stories2Residences4Year Built1978Building Size-Lot Size0.13 AC / 5,750 SF

Property Information for 1028 Chula Vista Avenue

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator, Varies by Unit
Features
  • Amenities: Vaulted Ceiling
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 4651
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected, Sump Pump
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Burlingame Terrace-Easton Addition
  • Roof: Fiberglass, Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1028
  • Street Name: Chula Vista
  • Street Suffix: Avenue
  • Area ID: 465
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 4651
  • Structure SqFt Source: Assessor
  • Age: 46
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R30000
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 026-194-210
  • County Name: San Mateo
  • City Name: BURLINGAME
  • City Postal ID: 6
  • Postal Code: 94010
  • Elementary School District: 923
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $29,020
  • Building Unit Total: 4
  • Capitalization Rate: 2.73
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,901
  • Expense Landscape: $1,320
  • Expense Maintenance: $3,858
  • Expense Management: $0
  • Expense Trash: $3,579
  • Expenses Other: $0
  • Expenses Utility: $4,714
  • Expenses Total: $44,392
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 21.47
  • Income Annual Gross: $112,070
  • Income Annual Rental: $113,640
  • Income Gross Scheduled: $115,536
  • Income Other: $1,896
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,180
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,495
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,495
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,300

Property History for 1028 Chula Vista Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1028 Chula Vista Avenue

Taxable ValueLand$38,433Additions$373,055Total$411,488
Tax Record2024$5,148 ($429 / month)
Home Facts
Baths4Total Finished SqFt4,651 SqFtAbove Grade Finished SqFt4,651 SqFtStories2Lot Size5,750 SqFtStyleQuadraplexYear Built1978ZoningR30000CountySAN MATEOAPN026-194-210

Schools near 1028 Chula Vista Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Burlingame Intermediate School
Public6 to 8

Burlingame High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1028 Chula Vista Avenue is a multi-family home for sale in Burlingame, CA 94010. This property was listed for sale on March 20, 2024 by Compass, it's currently listed at $2,480,000. This listing's school districts are San Mateo Union High School District, Burlingame Elementary School District. Nearby schools include Roosevelt Elementary School, Burlingame Intermediate School and Burlingame High School. 1028 Chula Vista Avenue is a 0-bed, 0-bath, 4,651 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.