Ray Park Real Estate

Welcome to Ray Park, a hidden gem nestled in the heart of Burlingame, California. This charming neighborhood is known for its picturesque tree-lined streets, friendly community atmosphere, and a perfect blend of suburban tranquility and urban convenience. Ray Park is not just a place to live; it’s a lifestyle that offers the best of both worlds.

One of the highlights of Ray Park is its namesake, Ray Park itself—a beautifully maintained green space that serves as a community hub for residents of all ages. With playgrounds, picnic areas, and walking trails, it’s the perfect spot for families to gather, children to play, and neighbors to connect. The park also hosts seasonal events that foster a sense of community and belonging.

The architectural styles in Ray Park are as diverse as its residents, featuring charming single-family homes that reflect the rich history of the area. Many homes boast spacious yards, ideal for outdoor entertaining or simply enjoying the California sunshine. The neighborhood's proximity to top-rated schools makes it particularly attractive to families looking for a nurturing environment for their children.

Ray Park’s location is another significant advantage. Residents enjoy easy access to downtown Burlingame, where a vibrant array of shops, cafes, and restaurants await. The nearby Caltrain station offers a convenient commute to San Francisco and Silicon Valley, making it an ideal choice for professionals and commuters.

In Ray Park, you’ll find a welcoming community, beautiful surroundings, and a lifestyle that embraces both relaxation and activity. Come discover why Ray Park is the perfect place to call home!

Newest Listings in Ray Park

$16,498,000

ML82056372 MLS

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. The property is 75% occupied with approximately 87% 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 10 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. At $189,507 annually, a 75% exemption reduces this expense line to $47,377 a conservative assumption, as many qualifying nonprofit operators achieve full exemption upon conversion. Combined with stabilized voucher income, the pro forma generates NOI of $1,122,996 and a capitalization rate of 6.81% at the asking price of $16,498,000.

1775 Marco Polo WAY, Burlingame

Listed by Sam Runco, 650-759-3414 from Marcus & Millichap
(If provided) CoList: Philip Batlin from Marcus & Millichap

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Intero are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.