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.
Closed
$4,000,000
37 Lorton Avenue, Burlingame, CA 94010
--beds
--baths
6,340sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$631/sqft
$3,545 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,545/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Scott Gerber DRE #01138762 415-215-3333,
Norcal Commercial 415-927-8888,
Katherine Y Raphael DRE #02027825 415-259-9891,
Norcal Commercial
Bought with:
Mandana Khaki
Maana Realty Group
Source: BAREIS,MLS#: 425043145
Originating MLS: Marin County
Originating MLS: Marin CountyFacts & features
Interior
Appliances
- Laundry: Coin Operated, Common Area
Features
- Unit 1 - Beds: 8, Baths: 0, Square Footage: 6340 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 6340 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 6340 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 6340
Interior area
- Total structure area: 6,340
- Total interior livable area: 6,340 sqft
Property
Parking
- Total spaces: 10
- Parking features: Covered, Off Street, Open
- Has uncovered spaces: Yes
Lot
- Size: 7,501 Square Feet
- Features: Landscape Front
Details
- Parcel number: 029225070
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1950
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
Community & HOA
HOA
- Has HOA: No
Location
- Region: Burlingame
Financial & listing details
- Price per square foot: $631/sqft
- Tax assessed value: $473,766
- Annual tax amount: $6,835
- Date on market: 5/23/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2025 | Pending sale | $4,300,000+7.5%$678/sqft |
Source:  BAREIS #425043145 Report a problem | ||
| 8/11/2025 | Sold | $4,000,000-7%$631/sqft |
Source: BAREIS #425043145 Report a problem | ||
| 6/19/2025 | Contingent | $4,300,000$678/sqft |
Source: BAREIS #425043145 Report a problem | ||
| 5/23/2025 | Listed for sale | $4,300,000$678/sqft |
Source: BAREIS #425043145 Report a problem | ||
| 10/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/21/2023 | Listed for rent | $1,950+21.9% |
Source: Zillow Rentals Report a problem | ||
| 5/6/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/5/2021 | Price change | $1,600+3.2% |
Source: Zillow Rental Manager Report a problem | ||
| 4/22/2021 | Price change | $1,550-3.1% |
Source: Zillow Rental Manager Report a problem | ||
| 4/14/2021 | Price change | $1,600-1.5% |
Source: Zillow Rental Manager Report a problem | ||
| 3/29/2021 | Price change | $1,625-1.5% |
Source: Zillow Rental Manager Report a problem | ||
| 3/12/2021 | Listed for rent | $1,650 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,835 +17.4% | $473,766 +2% |
| 2024 | $5,822 +1.1% | $464,478 +2% |
| 2023 | $5,756 +2.4% | $455,371 +2% |
| 2022 | $5,622 0% | $446,443 +2% |
| 2021 | $5,623 +2.1% | $437,690 +1% |
| 2020 | $5,507 +2.1% | $433,203 +2% |
| 2019 | $5,395 +1.9% | $424,710 +2% |
| 2018 | $5,296 -4% | $416,384 +2% |
| 2017 | $5,518 +8.9% | $408,220 +2% |
| 2016 | $5,066 +2% | $400,217 +1.5% |
| 2015 | $4,969 | $394,207 +2% |
| 2014 | $4,969 | $386,486 +0.5% |
| 2013 | -- | $384,740 +2% |
| 2012 | -- | $377,197 |
| 2011 | -- | $377,197 +2.8% |
| 2010 | -- | $367,039 -0.2% |
| 2009 | -- | $367,912 +2% |
| 2008 | -- | $360,699 +2% |
| 2007 | -- | $353,628 +2% |
| 2006 | -- | $346,696 |
| 2005 | -- | $346,696 +4% |
| 2004 | -- | $333,235 +1.9% |
| 2003 | -- | $327,129 +2% |
| 2002 | -- | $320,716 +2% |
| 2001 | -- | $314,428 +2% |
| 2000 | -- | $308,264 |
Find assessor info on the county website
Neighborhood: 94010
Nearby homes
- $--1 bd1 ba600 sqft37 Lorton Ave #8, Burlingame, CA 94010Off Market
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- $---- bd1 ba500 sqft37 Lorton Ave APT 5, Burlingame, CA 94010Off Market
- $--1 bd1 ba800 sqft37 Lorton Ave APT 4, Burlingame, CA 94010Off Market
- $---- bd1 ba560 sqft37 Lorton Ave APT 6, Burlingame, CA 94010Off Market
- $---- bd1 ba400 sqft37 Lorton Ave APT 9, Burlingame, CA 94010Off Market
- $--1 bd1 ba570 sqft37 Lorton Ave APT 2, Burlingame, CA 94010Off Market
Nearby schools
GreatSchools rating
- 7/10Washington Elementary SchoolGrades: K-5Distance: 0.3 mi
- 10/10Burlingame Intermediate SchoolGrades: 6-8Distance: 2.5 mi
- 10/10Burlingame High SchoolGrades: 9-12Distance: 0.5 mi
- California
- San Mateo County
- Burlingame
- 94010
- 37 Lorton Avenue
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