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824 El Camino Real, Burlingame, California 94010, Burlingame, - bed, bath

home-pic
ACTIVE$1,939,999
824 El Camino Real, Burlingame, California 94010
0Bed
0Bath
2,592Sqft
5,525Lot
Year Built
1937
Close
-
List price
$1.94M
Original List price
$2.33M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82005442
Home ConditionFair
Features
Deck
Patio
View-

About this home

Exceptional Multi-Unit Investment in Prime Burlingame Location Welcome to 824 El Camino Real a rare opportunity to own a fully leased triplex in the heart of Burlingame. This well-maintained property offers three income-producing units, each with strong rental demand, separate utilities, and on-site parking. Located just blocks from transit, shops, dining, and major commuter routes, this asset combines consistent cash flow with long-term appreciation potential. Whether youre looking to expand your portfolio, complete a 1031 exchange, or explore owner-occupancy with income offset, this property checks all the boxes. The layout, condition, and location make it ideal for both seasoned investors and first-time multi-unit buyers. Dont miss this rare chance to secure a high-performing asset in one of the Peninsulas most sought-after markets.

Nearby schools

8/10
McKinley Elementary School
Public,•K-5•0.2mi
7/10
Roosevelt Elementary School
Public,•K-5•0.5mi
8/10
Burlingame Intermediate School
Public,•6-8•1.5mi
9/10
Burlingame High School
Public,•9-12•0.6mi

Price History

Date
Event
Price
10/28/25
Price Change
$1,939,999-3.0%
09/02/25
Price Change
$1,999,999
05/04/25
Listing
$2,325,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot2,5922,667
50%
Lot Size5,5256,061
33%
Price$1.94M$2.07M
50%
Price per square foot$748$781.5
50%
Built year19379685976
50%
HOA
Days on market185202
33%
Condition Rating
Fair
The property was built in 1937, making it 87 years old. While the listing describes it as 'well-maintained,' the exterior images show an aged property with some wear on elements like the deck railing and an unkempt backyard. Crucially, there are no interior images provided to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or other interior components. Given its age and the lack of evidence of recent extensive renovations, it's highly probable that the interior systems and finishes are functional but outdated, requiring minor updates or repairs to meet current standards. This aligns with the 'Fair' condition criteria, indicating an aged but maintained property where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Investment Location: Situated in a highly desirable Burlingame location, just blocks from transit, shops, dining, and major commuter routes, ensuring strong rental demand and long-term appreciation potential in a sought-after market.
Income-Producing Triplex: An exceptional multi-unit investment opportunity featuring a fully leased triplex with three income-producing units, offering consistent cash flow for investors.
Operational Efficiency: Each unit benefits from separate utilities and on-site parking, simplifying property management and enhancing tenant appeal and convenience.
Well-Maintained Condition: The property is described as well-maintained, suggesting a lower likelihood of immediate major repairs or capital expenditures for a new owner.
Excellent School Access: Located within proximity to highly-rated public schools, including Burlingame High School (rating 9) and McKinley Elementary (rating 8), which is attractive to families and supports rental demand.

Cons

Property Age: Built in 1937, the property's age may imply older infrastructure (e.g., plumbing, electrical systems) that could require significant updates or maintenance in the future, despite being well-maintained.
Price Reduction History: The property has undergone multiple price reductions from its original list price of $2.325M to $1.939999M, which could indicate initial overpricing or market resistance.
Major Thoroughfare Location: Its address on El Camino Real, a major road, may expose the property to higher levels of traffic noise and activity, potentially impacting desirability for some tenants or owner-occupants seeking a quieter residential environment.

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