$2,388,888
$2,498,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
5,248 Sqft Lot
SOLD DATE : 02/08/2022
Key Details
Sold Price $2,388,888
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81862501
Sold Date 02/08/22
HOA Y/N No
Year Built 1952
Annual Tax Amount $28,745
Lot Size 5,248 Sqft
Property Description
$150K Price Reduction - MARKETING PACKAGE AND DD FILE AVAILABLE UPON REQUEST. 840 El Camino Real is an exceptionally well-located apartment building located in Millbrae, California. The asset was built in 1952 and consists of six units on a 5,250 square foot lot with 4,410 square feet of living space, offering an investor a unit mix of six large studio units. The property provides tenants with individual covered parking spaces and an on-site laundry facility. Conveniently located on El Camino Real, the property is adjacent to Millbrae Square which offers numerous retail and dining options just a few steps away. Millbrae Station for both BART & Caltrain are a half mile away, providing tenants easy access to the entire Bay Area via public transit. Additionally, the property is near the San Francisco International Airport. Two units are currently vacant and market rent estimate is used for underwriting.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Unknown
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition
Total Parking Spaces 6
Schools
School District Other
Others
Tax ID 021311170
Financing Cash
Special Listing Condition Standard
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Bought with Mitchell Zurich • Marcus & Millichap
15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA