6 Lorton Ave - Apartments FOR SALE


Burlingame, CA 94010
$4,500,000 USD
650-302-4775
6 Lorton Ave, Burlingame, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/9
null | 3.79% Cap Rate

6 Lorton Ave
Burlingame, CA 94010


HIGHLIGHTS

  • Prime Mid Peninsula Location
  • Large Units
  • Private Balconies for Each Unit
  • Covered Parking for Each Unit

OVERVIEW

6 Lorton Avenue is a charming 8-unit apartment building in downtown Burlingame, two blocks from Burlingame Avenue. The property features eight spacious 2-bedroom/1-bath units, each with a private balcony and covered parking space. Ideally located near shops, restaurants, Caltrain, Highway 101, El Camino Real, SFO, and major Peninsula employers. Excellent opportunity to acquire a well-positioned asset in one of the Peninsula’s strongest rental markets with rental upside.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

8

PRICE/UNIT

$562,500

CAP RATE

3.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Lorton Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4

APN/PARCEL ID

029-241-190

ASK ABOUT THIS PROPERTY

Frank OrrellSequoia Realty ServicesMore Info
650-302-4775

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Frank OrrellSequoia Realty ServicesMore Info
650-302-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.