Home | San Mateo County | Burlingame | 94010 | 121 Lorton Ave
121 Lorton Ave, Burlingame, CA 94010
MLS: ML82041936 | Status: | Price: $4,950,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
7,296 |
7,500 |
1962 |
Generational Oppty to Acquire an Irreplaceable Downtown Burlingame Location. Walkscore: 97. Howard Ave (1 Blk), Burlingame Ave (2 Blks), Caltrain Burlingame (2 Blks). VERY Large, SPACIOUS Units: 2 BR/2 BA (911 SF to 945 SF), 1 BR/1 BA (540 SF to 600 SF). First Time on Market in 50+ Years. Excellent Unit Mix: Six (6) 2 BR/2 BA, Three (3) 1 BR/1 BA Units. Potential to Achieve $6+/SF Rents w/ Apartment Home/Condo-Quality Finishes onUnit Turns. Top To Bottom Elevator Access (Out of Order But Can Be Restored). Potential to Convert 9 Carports to 3 ADU's (1 BR or 2 BR Units @ +/- 648 SF Each). 3 Additional ADU's Equate to $118,000 ($9,900/Month). R-4-I Zoning: High Density Residential w/ Incentive Overlay (Less Than 1/2 Mile From CalTrain), Offers Max. Density of 80 Units/Acre (Build 13 Units). R-4-I Tier 1 Height Limit: Up to 46 Ft. (5 Stories) - No Public Benefits Necessary. Multi-Parcel Assemblage Oppty for Large-Scale Development. Low Operating Expense Ratio (29%). Tenants Pay In-Unit PG & E. Potential for Investors to Implement Full RUBS Programs or Monetize Parking. In-Place CAP Rate: 3.49%/GRM: 17. Pro-Forma (Market) CAP Rate: 6.05%/12 GRM. Actual Rentable Interior SF: 7,296 SF (Based on In-Unit Measurement). Cost Per Actual RentableSF: $679/SF. PLEASE DO NOT DISTURB TENANTS.
| Field |
Value |
| MLS # |
ML82041936 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
16 |
Features
Interior Features
| Feature |
Details |
| Appliances |
Dishwasher, Oven Range |
| Flooring |
Hardwood, Laminate |
| Cooling |
None |
| Heating |
Central Forced Air - Gas |
Exterior Features
| Feature |
Details |
| Roof |
Elastomeric, Foam |
| Foundation |
Concrete Perimeter and Slab, Wood Frame |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Carport, Garage: 0 Car(s) |
| Elementary District |
Burlingame Elementary |
| High School District |
San Mateo Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Complex Amenities |
Additional Storage, Elevator |
| Zoning |
R-4-I |
Don Sung
Colliers Parrish International, Inc.
License #: 01935797
Phone: (650) 380-5188
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
7 |
9 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
600 |
1 |
1/0 |
$2,345 |
$2,500 |
3 |
| 2 |
926 |
2 |
2/0 |
$2,500 |
$3,600 |
6 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
Disclosures
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This listing information is up-to-date as of April 07, 2026. For the most current information, please contact Don Sung, (650) 380-5188.