Ray Park Real Estate

Welcome to Ray Park, a hidden gem nestled in the heart of Burlingame, California. This charming neighborhood offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

Ray Park is renowned for its lush green spaces and family-friendly atmosphere. The centerpiece of the community is the beautifully maintained Ray Park itself, which features well-kept walking paths, playgrounds, and picnic areas, perfect for enjoying sunny California days. Residents often gather here for weekend barbecues, community events, and leisurely strolls, fostering a strong sense of camaraderie among neighbors.

The neighborhood boasts a diverse array of architectural styles, from classic California ranch homes to modern townhouses, catering to varied tastes and lifestyles. Tree-lined streets create a picturesque setting, inviting you to explore the area on foot or by bike.

Convenience is key in Ray Park, with highly-rated schools, local shops, and dining options just a stone's throw away. Burlingame Avenue, known for its vibrant shopping and dining scene, is within easy reach, offering everything from boutique stores to gourmet restaurants. For those who commute, the nearby Caltrain station provides quick access to San Francisco and Silicon Valley, making it a perfect spot for professionals working in the tech hub.

With its welcoming community spirit, beautiful parks, and prime location, Ray Park is more than just a neighborhood—it's a place you’ll be proud to call home. Discover the charm of Ray Park and experience the best of Burlingame living!

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 RE/MAX CAPITAL 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.