111 Lorton Ave | Burlingame, CA 94010
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- LoopNet Team
111 Lorton Ave
Burlingame, CA 94010
Multifamily Property For Sale
·
8 Units
Investment Highlights
- 111 Lorton Ave is a tremendous value added opportunity in an A+ location just 1 block from Burlingame Ave and in the heart of downtown Burlingame.
- Current Rents are far below Potential market rents.
- Strong Development Potential. R-4 Zoning allows for High Density Residential multi-unit dwellings or residential care facilities for Seniors.
Property Facts
| No. Units | 8 | Building Size | 7,466 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1925/2020 |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R40000 - R-4 Zoning allows for high density Residential multi-unit dwellings or Residential care facilities for Seniors. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,466 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2020 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R40000 - R-4 Zoning allows for high density Residential multi-unit dwellings or Residential care facilities for Seniors. |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Dining Room
- Double Pane Windows
- Porch
- Window Coverings
- Quartz Countertops
Site Amenities
- Fenced Lot
- Gas Range
- Recycling
- Vintage Building
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,895 | 420 |
| 1+1 | 4 | $2,295 | 685 |
Property Taxes
| Parcel Number | 029-224-130 | Improvements Assessment | $647,210 |
| Land Assessment | $497,851 | Total Assessment | $1,145,061 |
Property Taxes
Parcel Number
029-224-130
Land Assessment
$497,851
Improvements Assessment
$647,210
Total Assessment
$1,145,061
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