Ray Park Real Estate

Welcome to Ray Park, a hidden gem nestled in the heart of Burlingame, California, within the picturesque San Mateo County. This charming neighborhood is known for its serene atmosphere, friendly community, and beautiful tree-lined streets, making it an ideal place for families, professionals, and retirees alike.

Ray Park boasts a unique blend of residential tranquility and urban convenience. The area features an array of well-maintained homes, from cozy bungalows to modern masterpieces, each reflecting the neighborhood’s rich architectural diversity. Residents enjoy easy access to lush parks, including the lovely Ray Park itself, which offers ample green space, playgrounds, and picnic areas perfect for family gatherings or leisurely strolls.

One of Ray Park’s standout features is its proximity to Burlingame’s vibrant downtown, where you can explore an eclectic mix of boutiques, cafes, and restaurants. Whether you’re in the mood for a gourmet meal or a casual coffee catch-up, you’ll find plenty of options just a stone’s throw away. The neighborhood also benefits from top-rated schools, making it attractive for families seeking quality education for their children.

For those who commute, Ray Park offers convenient access to major transportation routes, including Highway 101 and the Caltrain station, ensuring that the bustling cities of San Francisco and Silicon Valley are within easy reach.

In Ray Park, you’ll find a harmonious blend of suburban charm and urban convenience, all wrapped in a welcoming community spirit. Come discover why this delightful neighborhood 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 Fine Group Real Estate 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.