1708 Toledo Avenue, Burlingame, California 94010, Burlingame, 94010 - 3 bed, 2 bath
ACTIVE$1,999,000
1708 Toledo Avenue, Burlingame, California 94010
3Beds
2Baths
2,220Sqft
7,179Lot
Year Built
1958
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$900
HOA
-
Days on market
-
Sold On
-
MLS number
ML82029341
Home ConditionTear down
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $2.00M(7th), sqft - 2220(40th), beds - 3(42th), baths - 2(31th).
PRICE REDUCED $600K Burlingame Fixer Located on a flat street, this vacant and fully gutted Burlingame property is ready for a full rebuild and major renovation. The original layout included 3 beds, 2 bath, formal living and dining room. Please note: there is noticeable floor settlement and cracking in the rear stucco wall, with the rear portion of the building showing the most movement. Uneven, sloping floors are present along the rear wall, and the lot sits on an uneven slope. Estimated $800,000-$950,000 reconstruction cost. Preliminary engineering report available upon request.
Price History
Date
Event
Price
12/11/25
Listing
$1,999,000
07/09/25
Sold
$2,632,500
Condition Rating
Tear down
The property is described as 'vacant and fully gutted' and 'ready for a full rebuild and major renovation.' Images confirm the interior is stripped down to the studs, with no existing kitchen, bathrooms, or functional systems. Furthermore, the listing explicitly notes 'noticeable floor settlement and cracking in the rear stucco wall, with the rear portion of the building showing the most movement' and 'uneven, sloping floors.' These significant structural defects, coupled with an estimated $800,000-$950,000 reconstruction cost, indicate the existing structure is beyond repair for habitation and its value is primarily in the land and redevelopment potential.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable city of Burlingame, known for its excellent schools and amenities.
Development Opportunity: Vacant and fully gutted, this property offers a blank canvas for a full custom rebuild or major renovation.
Generous Lot Size: A substantial 7179 sqft lot provides ample space for a new vision, potential expansion, or extensive landscaping.
Favorable Street Access: Located on a flat street, which is often preferred for accessibility, curb appeal, and ease of construction logistics.
Significant Price Adjustment: The property has seen a $600K price reduction, potentially offering a more attractive entry point for a value-add project or developer.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-07-09. The sold price is $2,632,500.00.
Major Structural Issues: The property exhibits significant structural problems, including noticeable floor settlement, cracking in the rear stucco wall, and building movement, necessitating extensive and costly repairs.
High Reconstruction Costs: An estimated $800,000-$950,000 reconstruction cost indicates a substantial financial investment required beyond the purchase price.
Challenging Lot Topography: The lot sits on an uneven slope, which could complicate construction, foundation work, and landscaping efforts, potentially increasing project complexity and cost.