$1,398,000
777 Morrell Ave Apt 206, Burlingame 94010
AddressIntel AI Briefing
This condo is priced well above building comps and general market averages, presenting poor immediate yield. With a low owner-occupancy rate and a high price per square foot, it serves better as a turnkey rental asset once pricing softens.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2025-05-14 | RESIDENTIAL ALTERATION | Finaled | $5,000 | LIMA CONSTRUCTION |
| 2025-01-28 | BATHROOM UPGRADE | Finaled | $6,300 | REBORN CABINETS LLC |
| 2024-09-17 | BATHROOM UPGRADE | Finaled | $5,800 | REBORN CABINETS |
| 2024-08-30 | RESIDENTIAL ALTERATION - REMODEL | Expired | $25,000 | AUTHENTIC RESTORATION AND WATERPROOFING INC |
| 2024-05-31 | RESIDENTIAL ELECTRICAL | Expired | $5,831 | EMAK ELECTRIC INC |
| 2024-03-06 | RESIDENTIAL ALTERATION | Finaled | $7,713 | BROTHERS HOME IMPROVEMENT |
| 2023-06-08 | RESIDENTIAL ELECTRICAL | Finaled | $1,400 | COIL INC |
| 2023-05-08 | RESIDENTIAL ELECTRICAL | Finaled | $1,400 | COIL INC |
| 2023-03-22 | RESIDENTIAL ELECTRICAL | Finaled | $1,400 | COIL INC |
Recent Neighborhood Remodeling (Burlingame)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 38 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.
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.
Nearby Public Schools
McKinley Elementary
Burlingame Elementary
Crocker Middle
Hillsborough City Elementary
Burlingame High
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
94/100
Based on recent sales velocity and local demand in 94010.
Flippability Score
20/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
47%
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.
Median of 3 recent condo sales in Burlingame (94010): $700/sqft. Sized within 25% of the 2,000 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 2,000 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.