Property Overview:
21 Park Rd is a single-family home in Burlingame, CA, built in 1915. It features 3 bedrooms, 1 bathroom, and 1,340 sq. ft. of living space. The home includes a parking garage and a central heating system. The estimated home value is $3,141,000 (last sold for $2,772,500 in 2015).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 3.8% (lower than state average of 11.8%).
- Property crime risk: 6.2% (lower than state average of 10.8%).
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Schools:
Nearby schools include San Mateo Park Elementary, Burlingame High, and Crocker Middle.- Average SAT score: 1071 (higher than state average of 975).
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Job Market:
- 73.2% white-collar jobs, 26.9% blue-collar jobs.
- Unemployment rate: 1.9% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,645 (16% growth since 2000).
- 62% families with children.
- Largest age group: 45-54 years (16.79%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 50.5°F (January), 64.4°F (July).
- Average rainfall: 18.8 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $131,441.
- Average annual spending: $79,704.
Property Features:
- Development Opportunity: Fully approved, shovel-ready project for 7 modern townhomes in Downtown Burlingame.
- Design: Three-story building with townhouse-style condominiums, each featuring a private garage.
- Prime Location: Steps from Burlingame Ave, Caltrain station, shops, restaurants, parks, and library.
- Investment Potential:
- Build and hold: 3% Cap Rate.
- Build and exit: Estimated $1,500/SF upon completion.
Location Benefits:
- Urban convenience: Vibrant lifestyle with easy access to shopping, dining, and entertainment.
- Top-rated schools: Located in the Burlingame Elementary and San Mateo Union High districts.
- Commuter-friendly: Close to public transportation and major highways.