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Jenn Smart

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1775 Marco Polo Way , Burlingame, CA 94010
$15,998,000
Est. Payment: $35,551.11/mo
23075 Sqft
0.89 Acres
Status: active | Days on site: 90
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ML88226 - ML5068288,ML480525
By proceeding you are providing Jenn Smart with your express written consent to send you marketing and promotional communications via calls or prerecorded messages dialed by a natural person or by using an artificial or automated telephone dialing system.

By checking the box, you consent to receive marketing text messages. If checked, you consent to receiving texts including marketing and promotional communications, from Jenn Smart. Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy.
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Jenn Smart
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House Description

1775 Marco Polo Way presents a compelling acquisition opportunity for nonprofit operators and mission-driven investors seeking a stabilized, income-secure affordable housing asset in one of the Peninsulas most supply-constrained rental markets. With a total of 40 units, the property is 87.5% occupied with approximately 90% occupied units leased to Housing Choice Voucher holders, with rents paid directly by the Housing Authority of the County of San Mateo (HACSM) and other subsidized housing programs. Current income is not projected it is contracted and government-backed, reflected in the actual rent roll. The remaining 5 units are vacant and unencumbered, available for immediate lease up by the acquiring entity at current 2026 HUD Small Area Fair Market Rents for zip code 94010 (Studio: $2,520 | 1BR: $3,020 | 2BR: $3,660). The primary value driver for a qualifying nonprofit buyer is the California property tax welfare exemption under Revenue and Taxation Code Section 214.
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Highlights

Listed by Sam Runco , 650-759-3414 and Philip Batlin , 415-625-2189 Marcus & Millichap , (650) 391-1700. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
0.89

Year Built

1957

County

San Mateo

Area

699 - Not Defined

 School District

Other

Listing ID

ML82067281

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Interior Features

Water:Other

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:R-3
Roof:Tar/Gravel
Principal Interest
$35,551
Taxes
$15,276

Home Price

$15,998,000

Loan Details

30 yrs
0%

Down Payment

20%
$3,199,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$35,551.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $35,551.11 $15,275.75 $0.00 $50,826.86
Yearly $426,613.33 $183,309.00 $0.00 $609,922.33
Total $12,798,400.00 $5,499,270.00 $0.00 $18,297,670.00
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So-Crates Johnson
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Market insight data is pulled from the same city as the listing being viewed (Burlingame, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T23:39:01.000Z

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