37 Lorton Avenue
Burlingame, CA 94010
- – beds
- – baths
- 6,340 sqft
- 7,500 sqft lot
- $678 per sqft
- 1950 build
- – on site
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.
Last checked:
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Last updated May 23, 2025
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MLS# 425043145 —
The Building
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Year Built:1950
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Year Built Source:Assessor Auto-Fill
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Subtype Description:Apartments
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# of Units Total:9
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SqFt:6,340 Sqft
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SqFt Source:Assessor Auto-Fill
Location
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Cross Street:Bayswater
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Area:Burlingame Downtown
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:Landscape Front
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7500Lot SqFt:
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Lot Size Measurement:SqFt
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Lot Size Source:Assessor Auto-Fill
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0.1722Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:029-225-070
The Listing
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Special Listing Conditions:Offer As Is
Utilities
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Separate Meters:Gas, Electricity
Appliances
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Laundry Features:In Common Area, Coin Operated
The Community
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Association:No
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Cap Rate:3.29
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Association:Marin County
Parking
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Total Parking Spaces:10.00
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Parking Features:Open, Off Street, Covered
Extra Units
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# of Studio Units:1
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# of 1 Bedroom Units:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/23/25
May 23, 2025
|
Listed / Active | BAREIS | $4,300,000 |
