Property details
About 37 Lorton Ave
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.
Highlights
(Contingent - Show)
Summary
- Parking: Open, Off Street, Covered
- List Price: $4,300,000
- Price/SqFt: $678
- HOA Amount: $0
- Annual Tax Amount: $5,822
- Tax Year: 2024
- Year Built: 1950
- Living Area: 6,340 SqFt
- Lot Size: 0.1722 Acres
- MLS Number: 425043145
- MLS Name: BAREIS MLS
- Office Name: NORCAL COMMERCIAL
- Office Email: scott.gerber@ctbt.com
- Listing Agent: Scott Gerber, Katherine Y Raphael Katherine Y Raphael
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Last updated on: 7/13/2025, 2:46:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $464,478 | $5,822 |
| 2023 | $455,371 | $5,756 |
| 2022 | $446,443 | $5,621 |
| 2021 | $437,690 | $5,622 |
| 2020 | $433,203 | $5,395 |
| 2019 | $424,710 | $5,295 |
| 2018 | $416,384 | $5,295 |
| 2017 | $408,220 | $5,517 |
History based on county public records data.
Nearby schools
6
Washington Elementary School
Public District KG-5
0.3 mi
•801 Howard Ave
4
San Mateo Park Elementary School
Public District KG-5
0.5 mi
•161 Clark Dr
7
McKinley Elementary School
Public District KG-5
0.8 mi
•701 Paloma Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,555. The majority of Burlingame, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Art Museums
Live Theatre
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
Mercedes
Volkswagen
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
Frequently asked questions
About 37 Lorton Ave
The listing price of 37 Lorton Ave property is $4,300,000.
The property 37 Lorton Ave is a multi located in Burlingame, California, 94010.
Accepting Backup Offers: 37 Lorton Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 37 Lorton Ave are: Washington Elementary School (GreatSchools Rating 6/10), San Mateo Park Elementary School (GreatSchools Rating 4/10), McKinley Elementary School (GreatSchools Rating 7/10), Crocker Middle School (GreatSchools Rating 8/10), North Shoreview Montessori (GreatSchools Rating 8/10), Borel Middle School (GreatSchools Rating 6/10), Burlingame High School (GreatSchools Rating 9/10), San Mateo High School (GreatSchools Rating 7/10), Aragon High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $5,822 (source: MLS/based on county public records data).
The property 37 Lorton Ave is 6,340 SqFt (source: MLS/tax record).
The year of construction for 37 Lorton Ave is 1950.
This home is located at 37 Lorton Ave in Burlingame, CA and zip code 94010 in the Polo Field neighborhood. This 6,340 square foot home, which was built in 1950, sits on a 0.17 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $4,300,000.
In June 2025 in Burlingame, CA there were 25% less homes for sale than in May. Listings spent 39 days on the market in June 2025, and had a median list price of $1,074,500 during the same period.