1130 Paloma Ave

Burlingame, CA 94010

$2,580,000
Last Sold Price
Beds
Baths
4,460 Sq. Ft.
$578 / Sq. Ft.
4,460
Sq. Ft.
$578
per Sq. Ft.

Description

Fourplex Residential Building for qualified investors. Excellent Location! 1130 Paloma Ave is located in a prime location in the luxurious town of Burlingame, CA. One Block from main street of Broadway. Tenants can Walk to shops, restaurants, and Cal Train. (3) 1 bed/1bath (1) 2bed/1bath residential units with an approximate total of 4,460 building SqFt on a 5,750 SqFt Lot! Shared Garage parking, Coin Operated Washer & Dryers. Tenants are on a month to month tenancy (Units 1& #2). 2 units have been...Fourplex Residential Building for qualified investors. Excellent Location! 1130 Paloma Ave is located in a prime location in the luxurious town of Burlingame, CA. One Block from main street of Broadway. Tenants can Walk to shops, restaurants, and Cal Train. (3) 1 bed/1bath (1) 2bed/1bath residential units with an approximate total of 4,460 building SqFt on a 5,750 SqFt Lot! Shared Garage parking, Coin Operated Washer & Dryers. Tenants are on a month to month tenancy (Units 1& #2). 2 units have been remodeled and new roof, Walk to Downtown Broadway Ave, neighborhood parks, Highway 101/92, Caltrain, and the airport. A special property beyond all expectations. Don't miss this Blue Chip Investment Property! Unit #4 (1 bedroom is currently vacant)
  1. Listed by Janay Michaud • DRE #01159101 • Brokerage DRE #00365928 • Heritage Realty • 650-867-7237
  2. Listed by Jonathon Michaud • DRE #01849751 • Brokerage DRE #00365928 • Heritage Realty

Property Details for 1130 Paloma Avenue

MLS City Name
BURLINGAME
Building Type
FOURPLEX
Garage Spaces
2
Parking Spaces
0
Cross Street
Carmelita
LISTING UPDATED: 04/25/2023 08:42 PM

Property Details for 1130 Paloma Avenue

StatusSold
MLS #ML81905804
Days on Compass62
Taxes$2,766 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1947
Lot Size0.13 AC / 5,750 SF
CountySan Mateo County

Location

Listing Courtesy of Heritage Realty, Janay Michaud, DRE #01159101; Heritage Realty, Jonathon Michaud, DRE #01849751

Sold By W Star Investment Inc, John Chow, DRE #01159034

Add your commute

Building Information for 1130 Paloma Avenue

Stories2Residences4Year Built1947Building Size-Lot Size0.13 AC / 5,750 SF

Payment Calculator

$13,748 per month

30 year fixed, 6.845% Interest

Principal and Interest

$13,518

Property Taxes

$231

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1130 Paloma Avenue

Features
Room Information
  • Kitchen: Hood Over Range, Oven - Electric, Oven - Gas, Refrigerator
Features
  • Amenities: Other
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 4460
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Central Forced Air - Gas
  • Meters: Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Other
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Burlingame Terrace-Easton Addition
  • Roof: Shingle
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1130
  • Street Name: Paloma
  • Street Suffix: Avenue
  • Area ID: 465
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 4460
  • Structure SqFt Source: Assessor
  • Age: 75
Development Information
  • Zoning Detail: R-2
Location Information
  • Parcel Number: 026-193-200
  • 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: Crawl Space
  • 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: 3
General Information
  • Annual Tax Amount: $2,766
  • Building Unit Total: 4
  • Capitalization Rate: 2.72
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 4
Income / Expense Details
  • Expense Insurance: $2,328
  • Expense Landscape: $0
  • Expense Maintenance: $710
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $3,568
  • Expenses Utility: $2,682
  • Expenses Total: $12,054
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Repair, Miscellaneous/Other
  • Gross Rent Multiplier: 30.28
  • Income Annual Gross: $85,611
  • Income Annual Rental: $89,178
  • Income Gross Scheduled: $89,178
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,425
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,425
Unit 3 Information
  • Unit 3 Approx Square Footage: 3100
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1130 Paloma Avenue

DateEvent & SourcePriceAppreciation
Apr 24, 2023

Sold

MLSListings #ML81905804

$2,580,000
Apr 24, 2023

Sold

EBRD #ML81905804

$2,580,000
Apr 21, 2023

Sold (Public Record)

Public Record #1510304993

$2,580,000
Apr 14, 2023

Pending

EBRD #ML81905804

Apr 14, 2023

Pending

MLSListings #ML81905804

Feb 10, 2023

Listed (Active)

EBRD #ML81905804

Feb 10, 2023

Listed (Active)

MLSListings #ML81905804

Dec 14, 2022

Temporarily Off Market

EBRD #ML81905804

Dec 14, 2022

Temporarily Off Market

MLSListings #ML81905804

Dec 14, 2022

Temporarily Off Market

RESFAR #81905804

Dec 3, 2022

Contingent - Show

MLSListings #ML81905804

Dec 3, 2022

Contingent - Show

RESFAR #81905804

Dec 3, 2022

Pending

EBRD #ML81905804

Aug 31, 2022

Temporarily Off Market

RESFAR #81905804

Aug 31, 2022

Listed (Active)

EBRD #ML81905804

$3,100,000
Aug 31, 2022

Price Change

RESFAR #81905804

$3,100,000
Aug 31, 2022

Listed (Active)

MLSListings #ML81905804

$3,100,000
Aug 31, 2022

Listed (Active)

RESFAR #81905804

$2,700,000
DateEvent & SourcePrice
04/24/2023

Sold

MLSListings #ML81905804

$2,580,000
04/24/2023

Sold

EBRD #ML81905804

$2,580,000
04/21/2023

Sold (Public Record)

Public Record #1510304993

$2,580,000
04/14/2023

Pending

EBRD #ML81905804

04/14/2023

Pending

MLSListings #ML81905804

02/10/2023

Listed (Active)

EBRD #ML81905804

02/10/2023

Listed (Active)

MLSListings #ML81905804

12/14/2022

Temporarily Off Market

EBRD #ML81905804

12/14/2022

Temporarily Off Market

MLSListings #ML81905804

12/14/2022

Temporarily Off Market

RESFAR #81905804

12/03/2022

Contingent - Show

MLSListings #ML81905804

12/03/2022

Contingent - Show

RESFAR #81905804

12/03/2022

Pending

EBRD #ML81905804

08/31/2022

Temporarily Off Market

RESFAR #81905804

08/31/2022

Listed (Active)

EBRD #ML81905804

$3,100,000
08/31/2022

Price Change

RESFAR #81905804

$3,100,000
08/31/2022

Listed (Active)

MLSListings #ML81905804

$3,100,000
08/31/2022

Listed (Active)

RESFAR #81905804

$2,700,000

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

Public Records for 1130 Paloma Avenue

Taxable ValueLand$1,632,000Additions$999,600Total$2,631,600
Tax Record2024$29,940 ($2,495 / month)
Home Facts
Baths4Total Finished SqFt4,460 SqFtAbove Grade Finished SqFt4,460 SqFtStories2Lot Size5,750 SqFtStyleQuadraplexYear Built1947CountySAN MATEOAPN026-193-200

Schools near 1130 Paloma 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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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 Heritage Realty, Janay Michaud, DRE #01159101; Heritage Realty, Jonathon Michaud, DRE #01849751

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.