$3,395,000
1324 Cortez Ave, Burlingame 94010
AddressIntel AI Briefing
The property features a fully remodeled 1926 home with an active ADU permit already underway, highlighting its high baseline condition. The optimal play is stealth density: primary + ADU + JADU, leveraging the pre-approved permit and strong neighborhood demographics. Attempting a full teardown is heavily disincentivized by the recent premium renovations and high entry price compared to ARV.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2026-03-31 | RESIDENTIAL ALTERATION - ADU | Active | $125,000 | ORIGAMI DESIGN - BUILD LLC |
Recent Neighborhood Remodeling (Burlingame)
Parcel & Zoning Info
ADU Potential
Flag / irregular · ~111 ft frontage × 126 ft deep, a tucked-away rear unit is very private; access is typically via the pole driveway.
Screening heuristic based on lot size, existing coverage, lot orientation, and hazard overlays. CA ADU law is ministerial statewide; verify max size, setbacks, and JADU owner-occupancy with the local planning dept.
Redevelopment Potential
Meaningful unused floor-area headroom under current zoning, room to add square footage. Zoning allows roughly 3,020 sqft of gross floor area on this lot.
Screening estimate comparing existing living area to the city's single-family floor-area limit. FAR figure is a discretionary-review trigger, not a hard cap. Treat as approximate. Source: Burlingame Muni Code 25.10.060, Table 25.10-4 (R-1 Floor Area Ratio) (as of 2026-09-03). Verify FAR, coverage, setbacks, and height with the local planning dept.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).
Nearby Public Schools
Roosevelt Elementary
Burlingame Elementary
Burlingame Intermediate
Burlingame Elementary
Peninsula High (Continuation)
San Mateo Union High
School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.
Proprietary Intelligence
Market Heat Index
96/100
Based on recent sales velocity and local demand in 94010.
Flippability Score
45/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
49%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Zoning allows roughly 3,020 sqft on this lot, and the default builds to that envelope. The FAR figure is a discretionary-review trigger, not a hard cap.
Median of 12 recent single-family sales in Burlingame (94010): $1,556/sqft. Sized within 25% of the 3,000 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Burlingame 94010)
Sized to the modelled 3,000 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.