Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82041936
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Appliances
Dishwasher, Oven Range
Flooring
Hardwood, Laminate
Cooling
None
Heating
Central Forced Air - Gas
Exterior Features
Roof
Elastomeric, Foam
Foundation
Concrete Perimeter and Slab, Wood Frame
Parking, School, and Other Information
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
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 7 | 9 |
| 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
121 Lorton Ave is a Residential Income in Burlingame, CA 94010. This 7,296 square foot property sits on a 7,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,950,000 and was built in 1962. This address can also be written as 121 Lorton Ave, Burlingame, CA 94010.
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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
