Home | San Mateo County | Burlingame | 94010 | 37 Lorton Ave
MLS: SF425043145 | Status: | Price: $4,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,340 | 7,500 | 1950 |
Situated on a flat, attractively low maintenance 0.17 acre parcel just steps from the heart of downtown Burlingame, 37 Lorton Avenue offers investors a rare opportunity to acquire a charming boutique apartment building in one of the most prestigious and supply-constrained rental markets on the San Francisco Peninsula. This well-maintained 9-unit property features eight one-bedroom units and one studio with assigned covered parking, on-site laundry, and an unbeatable location near shopping, restaurants, transit, SFO, and major employers. Priced below recent comps at $4,300,000, or $477,778 per unit, the starting cash flow of 3.13% grows to 4.68% at what are believed to be market rents, creating a clear path to strong financial performance for the foreseeable future.
| Field | Value |
|---|---|
| MLS # | SF425043145 |
| MLS Source | San Francisco Association of Realtors® MLS |
| Feature | Details |
|---|---|
| Laundry | Coin Operated |
| Feature | Details |
|---|---|
| Garage/Parking | Covered Parking, Off-Street Parking, Garage: 0 Car(s) |
| HOA Fee | $0 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Scott Gerber | Katherine Raphael |
| NORCAL COMMERCIAL | |
| License #: 01138762 | License #: 02027825 |
| Phone: (415) 215-3333 | Phone: (415) 259-9891 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | 9 | 9 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Washington Elementary School | public | K-5 | 0.34 mi | 6 |
| Burlingame High School | public | 9-12 | 0.47 mi | 10 |
| San Mateo Park Elementary School | public | K-5 | 0.49 mi | 2 |
| San Mateo High School | public | 9-12 | 0.75 mi | 9 |
| McKinley Elementary School | public | K-5 | 0.78 mi | 7 |
| San Mateo Adult | public | UG | 0.82 mi | N/A |
| South Hillsborough School | public | K-5 | 1.04 mi | 8 |
| North Hillsborough School | public | K-5 | 1.21 mi | 9 |
| Crocker Middle School | public | 6-8 | 1.31 mi | 8 |
| Roosevelt Elementary School | public | K-5 | 1.43 mi | 5 |
| North Shoreview Montessori Elementary School | public | K-8 | 1.44 mi | 9 |
| BSD Preschool | public | UG | 1.47 mi | N/A |
| Baywood Elementary School | public | K-5 | 1.80 mi | 6 |
| Sunnybrae Elementary School | public | K-5 | 1.93 mi | 1 |
| Aragon High School | public | 9-12 | 1.94 mi | 10 |
| Peninsula High | public | 9-12 | 2.08 mi | N/A |
| Peninsula High (Continuation) | public | 9-12 | 2.08 mi | 4 |
| Hoover Elementary | public | K-5 | 2.08 mi | 7 |
| Lincoln Elementary School | public | K-5 | 2.09 mi | 6 |
| Borel Middle School | public | 6-8 | 2.16 mi | 8 |
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This listing information is up-to-date as of August 13, 2025. For the most current information, please contact Scott Gerber, (415) 215-3333.