12 Lorton Avenue

Burlingame, CA 94010

$5,295,000
Price
Beds
5,652 Sq. Ft.
$937 / Sq. Ft.
5,652
Sq. Ft.
$937
per Sq. Ft.

Description

Completely renovated 8-unit apartment complex in downtown Burlingame! The property is fully renovated to an exceptional level and very well located 2-blocks from Burlingame Avenue, a bustling downtown that serves as the heartbeat of the community with boutique shops, restaurants, cafes and more. Marketing Package and photos for every unit available upon request.Completely renovated 8-unit apartment complex in downtown Burlingame! The property is fully renovated to an exceptional level and very well located 2-blocks from Burlingame Avenue, a bustling downtown that serves as the heartbeat of the community with boutique shops, restaurants, cafes and more. Marketing Package and photos for every unit available upon request.
  1. Listed by Mitchell Zurich • DRE #01870648 • Brokerage DRE #01240999 • Marcus & Millichap • 408-888-9594

Property Details for 12 Lorton Avenue

MLS City Name
BURLINGAME
Building Type
Other
Garage Spaces
6
Parking Spaces
2

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648
Add your commute
LISTING UPDATED: 02/06/2024 02:21 PM

Property Details for 12 Lorton Avenue

StatusActive
MLS #ML81953555
Days on Compass84
Taxes$59,192 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1909
Lot Size0.14 AC / 5,920 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648
Add your commute

Building Information for 12 Lorton Avenue

Stories-Residences-Year Built1909Building Size-Lot Size0.14 AC / 5,920 SF

Payment Calculator

$33,830 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,897

Property Taxes

$4,933

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12 Lorton Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 5652
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Burlingame Downtown Area
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 12
  • Street Name: Lorton
  • Street Suffix: Avenue
  • Area ID: 461
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5652
  • Structure SqFt Source: Assessor
  • Age: 115
Development Information
  • Zoning Detail: RM0000
Location Information
  • Parcel Number: 029-241-210
  • County Name: San Mateo
  • City Name: BURLINGAME
  • City Postal ID: 6
  • Postal Code: 94010
  • Elementary School District: 923
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $59,192
  • Capitalization Rate: 4.01
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,737
  • Expense Landscape: $0
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $2,928
  • Expenses Other: $621
  • Expenses Utility: $5,274
  • Expenses Total: $76,752
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 17.77
  • Income Annual Gross: $289,044
  • Income Annual Rental: $295,584
  • Income Gross Scheduled: $297,984
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 12 Lorton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12 Lorton Avenue

Taxable ValueLand$1,072,201Additions$3,243,410Total$4,315,611
Tax Record2023$49,227 ($4,102 / month)
Home Facts
Baths8Total Finished SqFt5,652 SqFtAbove Grade Finished SqFt5,652 SqFtStories2Lot Size5,920 SqFtStyleMulti-Family Dwelling (2-4)Year Built1909ZoningRM0000CountySAN MATEOAPN029-241-210Fireplace TypeHas Fireplace

Schools near 12 Lorton Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Burlingame Intermediate School
Public6 to 8

Burlingame High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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12 Lorton Avenue is a multi-family home for sale in Burlingame, CA 94010. This property was listed for sale on February 6, 2024 by Marcus & Millichap, it's currently listed at $5,295,000. It has been on the market for a total of 84 days and was last sold on October 22, 2018. This listing's school districts are San Mateo Union High School District, Burlingame Elementary School District. Nearby schools include Washington Elementary School, Burlingame Intermediate School and Burlingame High School. 12 Lorton Avenue is a 0-bed, 0-bath, 5,652 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.