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125 Lorton Ave
Burlingame, CA 94010 Downtown Burlingame

$4,950,000 USD

Apartments For Sale  •  7,332 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,332 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 3.00 %
  • Zoning C1, Burlingame
0 Transit Score
97 Walk Score

Highlights

IRREPLACEABLE Downtown Burlingame LOCATION! Walk Score: 97. Steps to Burlingame Ave, Caltrain, Etc.
OVERSIZED, Spacious Units w/ Below-Market Rents. Potential to Renovate and Achieve $6/SF as Luxury Downtown Apartments.
Excellent Unit Mix: Six (6) 2 BR/2 BA, and Three (3) 1 BR/1 BA Units.
Potential to Convert 9 Tucked-Under Carports to 3 ADU's (1 BR or 2 BR Units @ +/- 648 SF Each). Add $9,900/Month in Rental Income.
ONCE-IN-A-GENERATION Opportunity to Purchase a Rare Downtown Burlingame Apartment w/ Spacious and Mostly 2 BR/2 BA Units.
R-4-I Zoning Offers 80 Units/Acre. Equates to 13-Units. Tier 1 Height Limit: Up to 46 Ft (5 Stories) - No Public Benefits Necessary.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $148,327 USD (2024)
Cap Rate: 3.00 %
Total Expenses: $111,662 USD

Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Washer/Dryer Hookup
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Bicycle Storage
  • Double Pane Windows
  • Office
  • Vinyl Flooring
  • Large Bedrooms

Public Transportation

Commuter RailDriveWalkDistance
1 min 6 min 0.3 mi
Burlingame (Caltrain - Caltrain (Caltrain)) 1 min 6 min 0.3 mi
AirportDriveWalkDistance
San Francisco International 11 min - 5.3 mi
Metro Oakland International 37 min - 27.9 mi
Norman Y Mineta San Jose International 38 min - 29.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Covered
Included in Rent: Yes
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