The Lorton Apartments

Situated in the heart of Burlingame, just two blocks off the bustling retail corridor of Burlingame Avenue, 37 Lorton Ave is a charming 9-unit apartment building offering a rare investment opportunity in one of the Peninsula’s most sought-after neighborhoods. The unit mix consists of 8 one bedroom apartments and 1 well appointed studio. The asset benefits from assigned covered parking, an on-site laundry room, and an unbeatable location near various retail stores, restaurants, transit, and major employers. Priced below recent comps at $4,300,000, or $477,778 per unit, the starting cash flow of 3.08% grows to 4.37% at what are believed to be market rents, creating a clear path to strong financial performance for the foreseeable future.