Home | San Mateo County | Burlingame | 94010 | 121 Lorton Ave
MLS: ML82041936 | Status: | Price: $4,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 7,296 | 7,500 | 1962 |
$200k Reduction! 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). Assemblage Oppty for Larger Project. 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: 3.68%/GRM: 16.6. Pro-Forma (Market) CAP Rate: 6.35%/11.5 GRM. Actual Rentable Interior SF: 7,296 SF (Based on In-Unit Measurement). Cost Per Actual RentableSF: $651/SF. PLEASE DO NOT DISTURB TENANTS.
| Field | Value |
|---|---|
| MLS # | ML82041936 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Oven Range |
| Flooring | Hardwood, Laminate |
| Cooling | None |
| Heating | Central Forced Air - Gas |
| 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
| # 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 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Washington Elementary School | public | K-5 | 0.31 mi | 7 |
| Burlingame High School | public | 9-12 | 0.42 mi | 10 |
| San Mateo Park Elementary School | public | K-5 | 0.54 mi | 2 |
| McKinley Elementary School | public | K-5 | 0.70 mi | 8 |
| San Mateo High School | public | 9-12 | 0.79 mi | 9 |
| San Mateo Adult | public | UG | 0.87 mi | N/A |
| South Hillsborough School | public | K-5 | 1.12 mi | 9 |
| North Hillsborough School | public | K-5 | 1.14 mi | 9 |
| Crocker Middle School | public | 6-8 | 1.22 mi | 8 |
| BSD Preschool | public | UG | 1.41 mi | N/A |
| Roosevelt Elementary School | public | K-5 | 1.41 mi | 6 |
| North Shoreview Montessori Elementary School | public | K-8 | 1.53 mi | 10 |
| Baywood Elementary School | public | K-5 | 1.83 mi | 7 |
| Peninsula High (Continuation) | public | 9-12 | 1.99 mi | 4 |
| Peninsula High | public | 9-12 | 2.00 mi | N/A |
| Sunnybrae Elementary School | public | K-5 | 2.00 mi | 2 |
| Lincoln Elementary School | public | K-5 | 2.02 mi | 8 |
| Hoover Elementary | public | K-5 | 2.04 mi | 8 |
| Aragon High School | public | 9-12 | 2.07 mi | 10 |
| West Hillsborough School | public | K-5 | 2.26 mi | 9 |
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This listing information is up-to-date as of July 05, 2026. For the most current information, please contact Don Sung, (650) 380-5188.