128 Lorton Avenue

Burlingame, CA 94010

$3,500,000
Last Sold Price
Beds
3,940 Sq. Ft.
$888 / Sq. Ft.
3,940
Sq. Ft.
$888
per Sq. Ft.

Description

Price Improvement! Great location in the heart of Downtown Burlingame, one block away from the best shops and restaurants on Burlingame Avenue. Great curb appeal and very solid rental income make this an attractive investment for the savvy investor. Units #1-#3 are located in the front building and unit #4 is the fully detached two story cottage located in the rear of the property. This property also has an approved set of plans to construct 19 condo units. Unit breakdown for approved project: (11)...Price Improvement! Great location in the heart of Downtown Burlingame, one block away from the best shops and restaurants on Burlingame Avenue. Great curb appeal and very solid rental income make this an attractive investment for the savvy investor. Units #1-#3 are located in the front building and unit #4 is the fully detached two story cottage located in the rear of the property. This property also has an approved set of plans to construct 19 condo units. Unit breakdown for approved project: (11) 1 bedrooms (7) 2 bedrooms (1) 3 bedroom. Plans approved, construction docs still needed and no permit has been issued.
  1. Listed by Joseph Miller • DRE #01987593 • Miller/Steil Properties • 650-455-6552
  2. Listed by Chelsea Miller • DRE #01922419 • Miller/Steil Properties

Property Details for 128 Lorton Avenue

MLS City Name
BURLINGAME
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Miller/Steil Properties, Joseph Miller, DRE #01987593; Miller/Steil Properties, Chelsea Miller, DRE #01922419

Sold By Mosaik Real Estate, Rosemarie Hayes, DRE #01984492

Add your commute
LISTING UPDATED: 11/23/2022 03:17 PM

Property Details for 128 Lorton Avenue

StatusSold
MLS #ML81895166
Days on Compass118
Taxes$49,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1912
Lot Size0.17 AC / 7,500 SF
CountySan Mateo County

Location

Listing Courtesy of Miller/Steil Properties, Joseph Miller, DRE #01987593; Miller/Steil Properties, Chelsea Miller, DRE #01922419

Sold By Mosaik Real Estate, Rosemarie Hayes, DRE #01984492

Add your commute

Building Information for 128 Lorton Avenue

Stories2Residences4Year Built1912Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$23,262 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$4,161

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 128 Lorton Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3940
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • Meters: Master Electric, Master Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Burlingame Downtown Area
  • Roof: Composition
  • Stories: 2.0
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 128
  • Street Name: Lorton
  • Street Suffix: Avenue
  • Area ID: 461
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 3940
  • Structure SqFt Source: Assessor
  • Age: 110
Development Information
  • Zoning Detail: RM0000
Location Information
  • Parcel Number: 029-231-210
  • 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, Crawl Space
  • Horse Property: No
  • Lot Acres: .17
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $49,932
  • Building Unit Total: 4
  • Capitalization Rate: 1.31
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,535
  • Expense Landscape: $3,600
  • Expense Maintenance: $5,000
  • Expense Management: $7,000
  • Expense Trash: $2,148
  • Expenses Other: $0
  • Expenses Utility: $2,000
  • Expenses Total: $74,215
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 29.21
  • Income Annual Gross: $123,950
  • Income Annual Rental: $126,480
  • Income Gross Scheduled: $126,480
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,450
Unit 2 Information
  • Unit 2 Approx Square Footage: 1127
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,695
Unit 3 Information
  • Unit 3 Approx Square Footage: 563
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Rent: $2,200
Unit 4 Information
  • Unit 4 Approx Square Footage: 1369
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $3,195
Unit Type 1
  • Unit Type1 Approx SqFt: 856
Listing Info
Rental Info
  • Lease Type: Net

Property History for 128 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 128 Lorton Avenue

Taxable ValueLand$2,700,000Additions$800,000Total$3,500,000
Tax Record2023$40,042 ($3,337 / month)
Home Facts
Baths4.5Total Finished SqFt3,940 SqFtAbove Grade Finished SqFt3,940 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1912ZoningRM0000CountySAN MATEOAPN029-231-210Fireplace TypeHas Fireplace

Schools near 128 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.

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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 Miller/Steil Properties, Joseph Miller, DRE #01987593; Miller/Steil Properties, Chelsea Miller, DRE #01922419

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.