- $4.8M Price
- .17 Acres
- 56 DOM
121 Lorton Avenue
$200k Reduction! Generational Oppty to Acquire an Irreplaceable Downtown Burlingame Location. Walkscore: 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). First Time on Market in 50+ Years. Excellent Unit Mix: Six (6) 2 BR/2 BA, Three (3) 1 BR/1 BA Units. Potential to Achieve $6+/SF Rents w/ Apartment Home/Condo-Quality Finishes onUnit Turns. Top To Bottom Elevator Access (Out of Order But Can Be Restored). Potential to Convert 9 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). R-4-I Zoning: High Density Residential w/ Incentive Overlay (Less Than 1/2 Mile From CalTrain), Offers Max. Density of 80 Units/Acre (Build 13 Units). R-4-I Tier 1 Height Limit: Up to 46 Ft. (5 Stories). Assemblage Oppty for Larger Project. Low Operating Expense Ratio (29%). Tenants Pay In-Unit PG & E. Potential for Investors to Implement Full RUBS Programs or Monetize Parking. In-Place CAP Rate: 3.68%/GRM: 16.6. Pro-Forma (Market) CAP Rate: 6.35%/11.5 GRM. Actual Rentable Interior SF: 7,296 SF (Based on In-Unit Measurement). Cost Per Actual RentableSF: $651/SF. PLEASE DO NOT DISTURB TENANTS.
Essential Information
- MLS® #ML82041936
- Price$4,750,000
- Bathrooms0.00
- Acres0.17
- Year Built1962
- TypeCommercial Sale
- StatusActive
Community Information
- Address121 Lorton Avenue
- Area699 - Not Defined
- CityBurlingame
- CountySan Mateo
- Zip Code94010
Amenities
- Parking Spaces1
Interior
- CoolingNone
Exterior
- RoofElastomeric, Foam
School Information
- DistrictOther
- HighBurlingame
Additional Information
- Date ListedApril 7th, 2026
- Days on Market56
- ZoningR-4-I
Listing Details
- AgentDon Sung
Office
Colliers Parrish International, Inc.
Price Change History for 121 Lorton Avenue, Burlingame, (MLS® #ML82041936)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $4,950,000 to $4,750,000 |
Don Sung, Colliers Parrish International, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2026 at 7:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.