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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Apartment buildings
1449 El Camino Real Burlingame, CA 94010-7720
Individually Owned
3-yr Hold
Absentee Owner
Property ID
US09-2132649
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Total area
5,828 SF
Lot
0.18 ac (8,033 SF)
APN
026-013-070
UPID
US09-2132649
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
$2.00M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Philip Dixon Ross · 3 yrs held
Philip Dixon Ross
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+42.2%
Retail stores
$3.0M
+34.0%
Commercial (general)
$2.7M
+21.8%
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
$2,015,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,145,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$2,965,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,695,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,650,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,020,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.75M (May 17 2023)
Last sale anchor
$1.75M
May 17 2023
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
$341 / 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
$23,683
Tax year 2024
Assessed value
$2,061,988
Assessed 2024
Previous assessed
$2,061,988
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,030,994
Assessed improvement
$1,030,994
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
1946
Heating
NONE
Stories
2
Units
5
Rooms
20
Bathrooms
5
Total area
5,828 SF
Lot
0.18 ac (8,033 SF)
APN
026-013-070
UPID
US09-2132649
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1946
Heating
NONE
Stories
2
Units
5
Rooms
20
Bathrooms
5
Lot
0.18 ac
Current owner
From public records · entity-resolved
Philip Dixon Ross
Individual
Mailing address
2229 ADENE DR, BURLINGAME, CA 94010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
Philip Dixon Ross
Philip Ross
Intrafamily Transfer
related
—
Apr 9, 2021
—
Cameron D Foster
Cameron D Foster
Intrafamily Transfer
related
—
Dec 31, 2019
—
Cameron Foster
—
Deed
related
$952,000 · First Republic Bank
Dec 19, 2014
$1,750,000
Cameron Foster
Cynthia B Cristofani
Grant Deed
$1,050,000 · First Republic Bank
Oct 21, 2014
$862,500
Cristofani,cynthia B Tr
Cristofani Family LLC
Quit Claim Deed
related
—
Nov 6, 2001
—
Rose J Cristofani Family Partn
Rose J Cristofani Trustee
Quit Claim Deed
related
—
Oct 12, 2001
—
Daniel L Cristofani
Rose J Cristofani Trustee
Quit Claim Deed
related
—
Feb 18, 1993
—
Cristofani,rose Trustee
Cristofani,rose
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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