One of the best streets on the Peninsula. 1416 Floribunda Avenue offers an investor the unique opportunity to acquire a truly unique Trophy Asset in an A+ Burlingame location with tremendous upside potential in one of the most sought-after submarkets in the country. Built in 1958, the nine-unit property is comprised of (1) Two-Bedroom/ One-Bath unit and (8) One-Bedroom/ One-Bath units. The current owner has meticulously maintained the property and it is in great condition. The 2x1 is an oversized unit with front & back entrances, fireplace & in-unit washer & dryer. A new owner could conveniently add private patio space to 2 units. The building benefits from an onsite laundry facility and sufficient carport parking. There is significant add-value opportunity with rental increases over time as turnovers occur. The property performed well during Covid with 100% rent collections.
Sold for $4,770,000
$4,770,000
1416 Floribunda Ave, Burlingame, CA 94010
--beds
0baths
8,344sqft
MultiFamily
Built in 1958
-- sqft lot
$-- Zestimate®
$572/sqft
$3,666 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,666/mo
Zestimate® history
Owner options
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$3,666/mo
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$3,666/mo
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$30,006/mo
Est. payment
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$30,006/mo
Est. payment
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List your homeWhat's special
Tremendous upside potentialPrivate patio spaceCarport parkingOnsite laundry facilityIn-unit washer
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall, Gas
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 8,344 sqft
Property
Parking
- Parking features: Carport
Lot
- Size: 10,585 Square Feet
Details
- Parcel number: 029131290
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1958
Utilities & green energy
- Utilities for property: Public Utilities
Community & HOA
Community
- Security: Security Lights
Location
- Region: Burlingame
Financial & listing details
- Price per square foot: $572/sqft
- Tax assessed value: $5,940,134
- Annual tax amount: $68,456
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2025 | Sold | $4,770,000-17.8%$572/sqft |
Source: Public Record Report a problem | ||
| 4/22/2022 | Listing removed | -- |
Source:  MLSListings Inc Report a problem | ||
| 3/8/2022 | Listed for sale | $5,800,000+8.9%$695/sqft |
Source: MLSListings Inc #ML81881285 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/17/2019 | Sold | $5,325,000+189.4%$638/sqft |
Source: MLSListings Inc #ML81734839 Report a problem | ||
| 8/14/2018 | Listing removed | $2,200 |
Source: Owner Report a problem | ||
| 8/3/2018 | Price change | $2,200-4.3% |
Source: Owner Report a problem | ||
| 5/31/2018 | Listed for rent | $2,300 |
Source: Owner Report a problem | ||
| 9/20/2005 | Sold | $1,840,000$221/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $68,456 +4% | $5,940,134 +2% |
| 2024 | $65,804 +1.2% | $5,823,662 +2% |
| 2023 | $65,056 +2.5% | $5,709,473 +2% |
| 2022 | $63,445 -0.1% | $5,597,524 +2% |
| 2021 | $63,539 +2.1% | $5,487,769 +1% |
| 2020 | $62,211 +137.8% | $5,431,500 +141% |
| 2019 | $26,161 +1.9% | $2,254,116 +2% |
| 2018 | $25,662 +0.7% | $2,209,918 +2% |
| 2017 | $25,473 +3.8% | $2,166,587 +2% |
| 2016 | $24,541 +1.9% | $2,124,106 +1.5% |
| 2015 | $24,074 | $2,092,201 +2% |
| 2014 | $24,074 | $2,051,219 +0.5% |
| 2013 | -- | $2,041,950 +2% |
| 2012 | -- | $2,001,913 |
| 2011 | -- | $2,001,913 +2.8% |
| 2010 | -- | $1,947,994 -0.2% |
| 2009 | -- | $1,952,622 +2% |
| 2008 | -- | $1,914,336 +2% |
| 2007 | -- | $1,876,800 +2% |
| 2006 | -- | $1,840,000 +528.5% |
| 2005 | -- | $292,740 +4% |
| 2004 | -- | $281,374 +1.9% |
| 2003 | -- | $276,218 +2% |
| 2002 | -- | $270,803 +2% |
| 2001 | -- | $265,494 +2% |
| 2000 | -- | $260,289 |
Find assessor info on the county website
Neighborhood: 94010
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Nearby schools
GreatSchools rating
- 8/10McKinley Elementary SchoolGrades: K-5Distance: 0.3 mi
- 10/10Burlingame Intermediate SchoolGrades: 6-8Distance: 1.9 mi
- 10/10Burlingame High SchoolGrades: 9-12Distance: 0.3 mi
- California
- San Mateo County
- Burlingame
- 94010
- 1416 Floribunda Ave
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