$1,139,000
1433 Floribunda Ave Unit 3, Burlingame 94010
AddressIntel AI Briefing
This newly constructed condo is analyzed strictly as an investment, showcasing strong local rental yields but presenting a premium acquisition price relative to recent area comps. With only one unit currently for sale in the building, a bulk-purchase angle is unavailable, suggesting a long-term buy-and-hold strategy instead. Investors should focus on the asset's turnkey condition and premium location near downtown Burlingame.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2023-11-28 | RESIDENTIAL PLUMBING - UGFS | Finaled | $35,000 | PACIFIC ENGINEERING & CONSTRUCTION INC |
Recent Neighborhood Remodeling (Burlingame)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 42 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. 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
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
96/100
Based on recent sales velocity and local demand in 94010.
Flippability Score
35/100
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 12 recent condo sales in Burlingame (94010): $747/sqft. Sized within 25% of the 1,700 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 1,700 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.