Irreplaceable downtown burlingame location. Steps to downtown. First time on market in 50+ years. Walk score: 97. Howard ave (1 blk), burlingame ave (2 blks), caltrain burlingame (2 blks). Very large, spacious units: 2 br/2 ba (911 sf to 945 sf),1 br/1 ba (540 sf to 600 sf). Generational purchase opportunity. Excellent unit mix: six (6) 2 br/2 ba, three (3) 1 br/1 ba units. Dishwashers in all units. Potential to add in unit washer & dryers. Spacious balconies (outdoor living) and private storage rooms. Achieve luxury apartment home/condo quality finishes @ $6/sf rents w/ renovations and unit turns. Top to bottom elevator access (elevator can be restored). Potential to convert 9 tucked under carports to 3 adu's (1 br or 2 br units @ +/ 648 sf each). 3 additional adu's equate to $118,000 ($9,900/month) in additional rents. 100 block of lorton ave offers r 4 i zoning: high density residential w/ incentive overlay (less than 1/2 mile from caltrain). R 4 i zoning offers maximum density of 80 units/acre, equating to 13 units. R 4 i tier 1 height limit: up to 46 ft. (5 stories) no public benefits necessary. Multi parcel assemblage opportunity for meaningful, large scale development. Low operating expense ratio (29%). Ask about multiple ways to increase cashflow and higher cap rate.