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Property profile & analytics
FOR SALE
Apartment buildings
1775 Marco Polo Way Burlingame, CA 94010
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1325865
For Sale
1 / 24
$16,498,000
1775 Marco Polo Way, Burlingame, CA 94010
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Total area
23,075 SF
Lot
0.89 ac (38,904 SF)
APN
025-142-020
UPID
US09-1325865
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
Current use
Occupant on record · Public records
-
YM Construction Services Construction Company
-
Marco Polo Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.03M
CAP Approach
CAP
$9.66M
Comparable Approach
Comparable
$12.70M
Blend (final)
Blend
$12.72M
Owner & transaction history
La Senda Marco Polo LLC · 5 yrs held
La Senda Marco Polo LLC
since 2021
Last sale
$13.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.6M
+78.2%
Office building
$14.8M
+69.1%
Neighborhood: shopping center
$12.5M
+42.2%
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
$15,920,000
ML approach
$11,025,000
CAP Approach
CAP Return
Estimation
6%
$10,465,000
6.5%
$9,660,000
7%
$8,970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,755,000
Current use
RESTAURANT
$15,605,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$14,800,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,450,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$11,735,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,665,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,485,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,010,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.72M
Range $11.45M – $13.99M · ±10% · vs last sale $13.50M (May 28 2021)
Last sale anchor
$13.50M
May 28 2021
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
$551 / 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
$162,239
Tax year 2024
Assessed value
$14,326,308
Assessed 2024
Previous assessed
$14,326,308
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$10,612,080
Assessed improvement
$3,714,228
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
For Sale
Year built
1957
Heating
NONE
Stories
2
Units
40
Rooms
11
Bathrooms
4
Total area
23,075 SF
Lot
0.89 ac (38,904 SF)
APN
025-142-020
UPID
US09-1325865
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
$8.8M
RESTAURANT
Est. value
$15.6M
OFFICE BUILDING
Est. value
$14.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
RETAIL STORES
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
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
1957
Heating
NONE
Stories
2
Units
40
Rooms
11
Bathrooms
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
La Senda Marco Polo LLC
Entity
Mailing address
PO BOX 8286, FOSTER CITY, CA 94404-8286
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
La Senda Marco Polo LLC
—
Deed
related
$6,520,000 · First Republic Bank
May 28, 2021
$13,500,000
La Senda Marco Polo LLC
Milton Schlesinger Family LP
Grant Deed
—
Dec 26, 2001
—
Milton Schlesinger Family LP
Schlesinger,milton D & Evelyn
Quit Claim Deed
related
—
Oct 5, 1998
—
Milton D Schlesinger
Schlesinger Bros
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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