Burlingame, CA 94010,121 Lorton AVE
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Burlingame, CA 94010,121 Lorton AVE
Burlingame, CA 94010,121 Lorton AVE
Burlingame, CA 94010,121 Lorton AVE
Burlingame, CA 94010,121 Lorton AVE
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Edie Israel

Edie Israel

+1(714) 623-3543
$ 4,950,000
Est. payment /mo
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Active

121 Lorton AVE Burlingame, CA 94010

7,501 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82025521

HOA Y/N No

Year Built 1962

Annual Tax Amount $55,912

Lot Size 7,501 Sqft

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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R-4-I

Interior

Cooling Gas

Fireplace No

Exterior

Carport Spaces 10

Utilities Available Natural Gas Available

Roof Type Foam

Building

Water Public

Schools

Middle Schools Other

High Schools Burlingame

School District Other

Others

Tax ID 029224110

Special Listing Condition Standard

CRMLS – RECore
Listed by Don Sung Colliers Parrish International, Inc.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Hoover Elementary School

    Public | KG - 5

  • 9

    West Hillsborough School

    Public | KG - 5

  • 9

    South Hillsborough School

    Public | KG - 5

  • 9

    North Hillsborough School

    Public | KG - 5

  • 9

    College Park Elementary School

    Public | KG - 5

  • 9

    Lincoln Elementary

    Public | KG - 5

  • 9

    Franklin Elementary School

    Public | KG - 5

  • 8

    Baywood Elementary School

    Public | KG - 5

  • 8

    McKinley Elementary School

    Public | KG - 5

  • 8

    Washington Elementary

    Public | KG - 5

  • 7

    Bresford Elementary

    Public | KG - 5

  • 7

    North Shoreview Montessori Elementary School

    Public | KG - 8

  • 7

    Roosevelt School

    Public | KG - 5

  • 5

    Meadow Heights Elementary School

    Public | KG - 5

  • 4

    Laurel Elementary School

    Public | KG - 5

  • 4

    Fiesta Gardens International Elementary School

    Public | KG - 5

  • 4

    San Mateo Park Elementary

    Public | KG - 5

  • 2

    Sunnybrae Elementary School

    Public | KG - 5

  • 2

    LEAD Elementary

    Public | KG - 5

  • 0

    Grace Lutheran School

    Private | KG - 8

Middle Schools 6
  • 9

    Crocker Middle School

    Public | 6 - 8

  • 9

    Burlingame Intermediate

    Public | 6 - 8

  • 6

    Borel Middle School

    Public | 6 - 8

  • 0

    Odyssey School

    Private | 6 - 8

  • 0

    Fusion Academy San Mateo

    Private | 6 - 12

  • 0

    Crystal Springs Uplands School

    Private | 6 - 12

High Schools 7
  • 10

    Aragon High School

    Public | 9 - 12

  • 9

    Burlingame High School

    Public | 9 - 12

  • 8

    Hillsdale High School

    Public | 9 - 12

  • 7

    San Mateo High School

    Public | 9 - 12

  • 0

    Junipero Serra High School

    Private | 9 - 12

  • 0

    Compass High School

    Private | 9 - 12

  • 0

    Mercy High School

    Private | 9 - 12

School and business data provided by Attom Data.
Edie Israel

Edie Israel

Agent | License ID: 01399225

+1(714) 623-3543

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