1775 Marco Polo Way · Burlingame, CA 94010

$16,498,000

44 bd · 4.0 ba · 23,075 sqft · MultiFamily public records · 458 Days on market

Built 1957 0.89 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.0/30.0
• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• Schools +5.7/10.0
• 1% rule +5.5/10.0
• Livability +4.1/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 40 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

Key facts

• Covered parking
• Swimming pool
• 0.89 acre lot

Tags

• EXTENSIVE CAPITAL IMPROVEMENTS
• MODERNIZED LIVING SPACES
• COVERED PARKING
• INDIVIDUAL STORAGE LOCKERS
• SWIMMING POOL
• ON-SITE LAUNDRY FACILITIES

Property features AI

Finance

• Other: Living area reported as 23,075 (for reference); Lot size approximately 0.8931 acres; Zoning: R3; Property primary ID: 724585; Restrictions noted (see remarks)
• Financial info: 40 units in complex; Annual rental income approximately $1,312,536; Annual gross income approximately $1,302,260; Gross scheduled income approximately $1,342,536; Other income: $30,000; Total expenses: $352,650; Other expenses: $9,784; Vacancy factor: 3%; Gross rent multiplier: 12.29; Landscape expense: $8,120; Trash expense: $19,225; Utility expenses: $44,900

Exterior

• Parking: Covered parking; Approximately 40 parking spaces (including carport spaces)
• Security: Security features noted (see remarks)
• Utilities: Water: other (see remarks); Sewer: other; Trash expense and utility expenses tracked
• Home design: Residential multi-unit property (R3 zoning); Two buildings on the lot
• Construction: Foundation: other
• Exterior features: Tar and gravel roof; Fenced pool

Interior

• Bedrooms: 12 units with studio/1-bath layouts; 24 one-bedroom units (each with 1 bath); 4 two-bedroom units (each with 1 bath)
• Bathrooms: All units have full bathrooms
• Heating & cooling: Heating: other (see remarks)
• Interior features: Security features noted (see remarks); Other special features noted (see remarks)
• Laundry & utility: Tenant pays electricity; Primary electric and primary water meters present

What this means for you Summary

Snapshot

• This is a 40 × 32-bed/40.0-bath units multifamily listed at $16.50M.

Deal economics

• At list price, monthly cash flow is $29k ($350k/yr) — positive. Per door: $730/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($173k rent vs $16.50M).
• Recommended offer: $14.52M (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 0.8% in Burlingame — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#36 in CA, #1,222 nationally) — a professional / high-income tenant draw. Strengths: schools A+, commute A+, employment A+; Watch: cost of living F.
• San Mateo Union High (suburban): math 50% / reading 70% proficiency, ranked #178 of 1,400 in CA (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.0%/yr); 68 active listings in the ZIP; high-income renter base; 1,019 units permitted in San Mateo County in 2024 (484 in 5+ unit buildings).
• At $172,950/mo this rent would consume 1054% of the median local household income ($197k/yr) (locally 1199% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $1.36M of equity ($114k loan paydown + $1.24M appreciation (7.5% local appreciation)).
• San Mateo County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.5% appreciation + 3.0% rent growth), your $4.62M cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$2.17M cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 458 days — a 12% lower offer ($14.52M) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts; this cycle's ask has dropped $3.50M (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $13.50M; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,518,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 458 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.59%
• DSCR: 1.34
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.52% appreciation · 3.01% rent growth · sell at horizon

5-year hold

• IRR: 24.9%
• Equity multiple: 2.77×
• Total profit: $8,157,319
• Equity at exit: $12,002,762

10-year hold

• IRR: 22.7%
• Equity multiple: 5.82×
• Total profit: $22,283,395
• Equity at exit: $23,335,825

Cash invested: $4,619,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 94010

• Home prices YoY: 2.1%
• Rents YoY: 3.0%
• Active inventory: 68
• Price-to-rent: 318.0×

Monthly cashflow live

• Estimated rent: $172,950 medium
• Mortgage (P&I): −$86,517
• Tax from tax record: −$14,033 /mo · $168,402/yr
• Insurance: −$6,874
• HOA: −$0
• Vacancy / Maint / Mgmt: −$36,320
• Net cashflow: $29,206

Break-even live

Break-even rent $135,981

Max offer price $16,498,000

Occupancy floor 78%

Sensitivity live

Price	-10% $38,545	-5% $33,875	+0% $29,206	+5% $24,536	+10% $19,866
Rent	-10% $15,543	-5% $22,374	+0% $29,206	+5% $36,037	+10% $42,869
Rate	-1.0pp $37,514	-0.5pp $33,402	base $29,206	+0.5pp $24,931	+1.0pp $20,581

40-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 40× units	32	40	$172,960
Total (40 units)			$172,950

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $4,124,500
• Closing costs: $494,940
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-13
   days on market $16,498,000 Active 458 DOM
2. 2026-06-09
   days on market $16,498,000 Active 455 DOM
3. 2026-06-08
   days on market $16,498,000 Active 454 DOM
4. 2026-06-07
   days on market $16,498,000 Active 453 DOM
5. 2026-06-04
   days on market $16,498,000 Active 450 DOM
6. 2026-06-03
   days on market $16,498,000 Active 449 DOM
7. 2026-06-02
   days on market $16,498,000 Active 448 DOM
8. 2026-06-01
   days on market $16,498,000 Active 447 DOM
9. 2026-05-31
   days on market $16,498,000 Active 446 DOM
10. 2026-03-12
    price $16,498,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

11. 2026-03-12
    price $16,498,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

12. 2026-03-04
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

13. 2026-03-04
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

14. 2026-03-01
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

15. 2026-03-01
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

16. 2026-01-08
    price $16,980,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

17. 2026-01-08
    price $16,980,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

18. 2025-11-14
    price $17,500,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

19. 2025-11-14
    price $17,500,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

20. 2025-10-10
    price $17,995,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

21. 2025-10-10
    price $17,995,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

22. 2025-08-12
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

23. 2025-08-12
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

24. 2025-08-06
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

25. 2025-08-06
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

26. 2025-06-09
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

27. 2025-06-09
    price $18,620,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

28. 2025-06-09
    status Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

29. 2025-06-09
    price $18,620,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

30. 2025-06-04
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

31. 2025-06-04
    historical 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

32. 2025-05-27
    price $19,000,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

33. 2025-05-27
    price $19,000,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

34. 2025-04-07
    price $19,500,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

35. 2025-04-07
    price $19,500,000 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

36. 2025-02-25
    listed $20,000,000 Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

37. 2025-02-25
    listed $20,000,000 Active 1133-char remark

    Show marketing remark (1133 chars)

    1775 Marco Polo Way is a 40-unit multifamily property on a 0.9-acre lot in Burlingame, California. The property features a diverse unit mix: 12 studios, 24 one-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The property has undergone extensive capital improvements, minimizing deferred maintenance and enhancing tenant appeal. All 40 units have received minor improvements, leaving ample room to upgrade finishes, fixtures, and layouts to contemporary standards. This repositioning strategy allows a buyer to capture significant rental upside in a supply-constrained Burlingame market, driving stronger cash flow and long-term value. Additional amenities include covered parking with individual storage lockers, a swimming pool, and on-site laundry facilities. There is also potential to add additional units to the site by building ADU's where the carports are. Strategically located in a thriving rental market, this investment offers immediate cash flow potential and long-term growth. Don't miss this rare opportunity to acquire this generational multifamily asset in one of the Peninsulas most sought-after locations.

38. 2021-05-28
    soldstatus $13,500,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $168,402 · $14,033/mo
• Projected year-2 tax: $168,402 · $14,033/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥84°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 12 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $2,075,400
• − Mortgage interest: −$924,145
• − Property taxes: −$168,402
• − Insurance: −$82,490
• − Repairs & maintenance: −$166,032
• − Management: −$166,032
• − Depreciation: −$479,942
• Taxable income: $88,358
• Est. tax owed @ 24.0%: −$21,206
• After-tax cash flow: $329,261/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Mateo Union High
• NCES district ID: 0634980
• Math proficiency: 50% ▼ -2.00%
• Reading proficiency: 70% ▼ -1.00%
• Median HH income: $96,956
• Composite: 57.13/100
• National rank: #2338
• State rank: #178 of 1400 in CA

Livability — Burlingame

• Score: 82/100
• State rank: #36
• US rank: #1222

Category grades

Amenities C Commute A+ Cost of living F Crime B Employment A+ Housing B- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlingame, CA
• County: San Mateo County · 733,415 people
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 43,025
• Household income: $196,882
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 1199.0

Population outlook (San Mateo County) Hauer SSP2

• Today (2025): 864,008 people
• By 2030: 910,523 · +5.4%
• By 2040: 997,285 · +15.4%
• By 2050: 1,071,189 · +24.0%
• By 2075: 1,197,206 · +38.6%
• By 2100: 1,192,523 · +38.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Asian 30% Hispanic / Latino 11% Two or more races 9%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 3% Scotch-Irish 2% Italian 2%
• Foreign-born: 29% · China, Canada, South Korea
• Languages at home: 64% English-only · Chinese 11% Spanish 8% Other Indo-European 6%

Political lean MEDSL · San Mateo

• 2024 margin: Solid D (+50.3) · D 73.5% · R 23.2% · Other 3.3%
• 2008→2024 swing: +1.6pp toward D · 2008: 48.7pp · 2024: 50.3pp
• All cycles: 2024: D+50.3 2020: D+57.7 2016: D+57.7 2012: D+44.8 2008: D+48.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.52%
• Current HPI: 358.6569
• Rent YoY: ▲ 3.01%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+22.2% since first listed

29 events — show timeline

• 2026-03-12 Price Changed $16,498,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-03-12 Price Changed $16,498,000 MLSListings
• 2026-03-04 Relisted — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-03-04 Relisted — MLSListings
• 2026-03-01 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-03-01 Listing Removed — MLSListings
• 2026-01-08 Price Changed $16,980,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-01-08 Price Changed $16,980,000 MLSListings
• 2025-11-14 Price Changed $17,500,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-11-14 Price Changed $17,500,000 MLSListings
• 2025-10-10 Price Changed $17,995,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-10-10 Price Changed $17,995,000 MLSListings
• 2025-08-12 Relisted — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-08-12 Relisted — MLSListings
• 2025-08-06 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-08-06 Listing Removed — MLSListings
• 2025-06-09 Relisted — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-06-09 Price Changed $18,620,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-06-09 Relisted — MLSListings
• 2025-06-09 Price Changed $18,620,000 MLSListings
• 2025-06-04 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-06-04 Listing Removed — MLSListings
• 2025-05-27 Price Changed $19,000,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-05-27 Price Changed $19,000,000 MLSListings
• 2025-04-07 Price Changed $19,500,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-04-07 Price Changed $19,500,000 MLSListings
• 2025-02-25 Listed $20,000,000 MLSListings
• 2025-02-25 Listed $20,000,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2021-05-28 Sold (Public Records) $13,500,000 Public Records

Property tax history

+16.5%/yr

Latest (2025): $168,402 · +3.8% YoY. Source: county tax records.