CA
San Mateo
BURLINGAME
94010
121 Lorton Avenue
121 Lorton Avenue, BURLINGAME, CA 94010
Share Listing
Listing Type
Multi Family
Listing Status
active
28
$4,950,000

Home Details for 121 Lorton Avenue

Price
$4,950,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
7296
Year built
1962
Lot size acres
0.1722
County
San Mateo
Garage
Days on site
10
MLS Listing#
ML82025521
Listed By: Colliers Parrish International, Inc. - 408-282-3800
Listed By: Don Sung
Property Description

IRREPLACEABLE Downtown Burlingame Location. STEPS TO DOWNTOWN. First Time on Market in 50+ Years. Walk Score: 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). Generational Purchase Opportunity. Excellent Unit Mix: Six (6) 2 BR/2 BA, Three (3) 1 BR/1 BA Units. Dishwashers in All Units. Potential to Add In-Unit Washer & Dryers. Spacious Balconies (Outdoor Living) and Private Storage Rooms. Achieve Luxury Apartment Home/Condo-Quality Finishes @ $6/SF Rents w/ Renovations and Unit Turns. Top To Bottom Elevator Access (Elevator Can Be Restored). Potential to Convert 9 Tucked-Under 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) in Additional Rents. 100-Block of Lorton Ave Offers R-4-I Zoning: High Density Residential w/ Incentive Overlay (Less Than 1/2 Mile From CalTrain). R-4-I Zoning Offers Maximum Density of 80 Units/Acre, Equating to 13 Units. R-4-I Tier 1 Height Limit: Up to 46 Ft. (5 Stories) - No Public Benefits Necessary. Multi-Parcel Assemblage Opportunity for Meaningful, Large-Scale Development. Low Operating Expense Ratio (29%). Ask About Multiple Ways to Increase Cashflow and Higher CAP Rate.

Property Features
  • Heating Information
    • Central
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
    • Gas
  • Water Features
    • Public
  • House Interior
    • Elevator
  • Utilities
    • Natural Gas Available
  • Parking
    • Carport
School Information
School Information for 121 Lorton Avenue, BURLINGAME, CA 94010
Elementary School
N/A
Middle School
Burlingame Intermediate
High School
Burlingame High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-22 03:45:24
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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