37 Lorton Avenue Burlingame, CA 94010
6,340 Sq. Ft. / 7,501 Sq. Ft., 0.172 acres lot size / Multi-Family
Status: Sold
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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.
property details
Type
Multi-Family
Status
Closed
County
San Mateo
Year Built
1950
Sq. Ft.
6,340
Lot Size
7,501 Sq. Ft., 0.2 acres
Listing Id
425043145
Courtesy Of
Scott Gerber - NORCAL COMMERCIAL scott@scottgerber.com
List Office Phone
+1 415 927 8888
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Parking Spaces
10
Utility & Building Info
Parcel Number
029-225-070
Building Area Total
6,340 Sq. Ft.
Price Per Sq Ft
$678
Architectural Style
Other
Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change.
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Price History
| date | event | price | source |
|---|---|---|---|
|
08/13/2025
08/13/2025
|
Sold |
$4,000,000
|
Bay Area |
|
06/19/2025
06/19/2025
|
Contingent |
$4,300,000
|
Bay Area |
|
05/23/2025
05/23/2025
|
Active |
$4,300,000
|
Bay Area |
View More
Market Trends
Source: Constellation1
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