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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Apartment buildings
1213 El Camino Real Burlingame, CA 94010-4898
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2321586
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
19,038 SF
Lot
0.56 ac (24,308 SF)
Zoning code
R30000
APN
026-154-240
UPID
US09-2321586
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.04M
Owner & transaction history
Broadway Burlingame Apartments · 12 yrs held
Broadway Burlingame Apartments
since 2013
7 recorded transactions
Zoning & alternative use
R30000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,225,000
Current use
WAREHOUSE, STORAGE
$6,605,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$265 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$72,574
Tax year 2024
Assessed value
$6,369,675
Assessed 2024
Previous assessed
$6,369,675
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,966,026
Assessed improvement
$2,403,649
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
NONE
Stories
2
Units
25
Rooms
77
Bathrooms
3
Total area
19,038 SF
Lot
0.56 ac (24,308 SF)
Zoning code
R30000
APN
026-154-240
UPID
US09-2321586
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Burlingame, CA
Zoning R30000 · permitted uses
R30000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
2
Units
25
Rooms
77
Bathrooms
3
Lot
0.56 ac
Current owner
From public records · entity-resolved
Broadway Burlingame Apartments
Individual
Free & Clear · 12 yrs held
Mailing address
1233 ALPINE RD #290, WALNUT CREEK, CA 94596-4403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Broadway Burlingame Apartments LLC
—
Deed
related
$3,000,000 · City National Bank
Dec 20, 2019
—
Broadway Burlingame Apartments LLC
—
Deed
related
$5,400,000 · Wells Fargo Bank NA
Dec 13, 2013
—
Broadway Burlingame Apartments
Pinelli Trust
Grant Deed
—
Aug 30, 2013
—
Broadway Burlingame Apartments
Ciapponi L D & A A Trust
Quit Claim Deed
—
Aug 30, 2013
$1,230,000
Broadway Burlingame Apartments
Lee-lertora J D Trust
Grant Deed
—
Apr 23, 2009
—
Pinelli Trust
Pinelli 1994 Trust
Quit Claim Deed
related
—
Feb 26, 2009
—
Elizabeth B Pinelli
Pinelli,james R
Affidavit Of Death
related
—
Jun 11, 1999
—
Ciapponi Trust
Ciapponi,louis D & Antoinette A
Quit Claim Deed
related
—
Dec 18, 1998
—
Anthony C Lertora
Lee Trust
Grant Deed
related
—
Sep 30, 1998
—
Anthony C Lertora
Burlingame Apartments LP
Grant Deed
related
—
Oct 31, 1996
—
Apartments LP Burlingame
Broadway Burlingame Apartments
Quit Claim Deed
related
—
Sep 6, 1996
—
Anthony C Lertora
Lertora,janet M
Quit Claim Deed
related
—
Jun 16, 1994
—
Pinelli Trust
Pinelli,james R
Quit Claim Deed
related
—
Apr 11, 1994
$228,000
Lee Trust
Lertora Trust
Grant Deed
—
Dec 31, 1993
—
James,d Lee Lertora Trust
Lertora,j.
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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