Ray Park Real Estate

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

Ray Park is known for its lush green spaces, including the beautifully maintained Ray Park itself, which serves as a central hub for community activities. Residents enjoy leisurely strolls along tree-lined streets, picnics on the grassy lawns, and engaging in recreational activities at the playground. The park is not just a place for outdoor fun; it also hosts seasonal community events that foster a strong sense of camaraderie among neighbors.

The neighborhood is characterized by its inviting homes, many of which showcase stunning architectural styles that reflect the rich history of Burlingame. From charming bungalows to modern designs, Ray Park offers diverse housing options that cater to various tastes and lifestyles.

Convenience is paramount in Ray Park, with easy access to major highways and public transportation options, making commuting to nearby cities like San Francisco a breeze. Residents also benefit from the vibrant local dining and shopping scene, featuring everything from quaint cafes to upscale boutiques.

Families will appreciate the highly-rated schools in the area, which are part of the Burlingame School District. The commitment to education and community involvement ensures that children receive a well-rounded upbringing in a nurturing environment.

In Ray Park, you’ll find not just a neighborhood, but a warm community where you can create lasting memories. Come explore the charm and allure of Ray Park—your new home awaits!

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 Real Estate Services 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.