Millbrae, CA 94030,Address not disclosed
Millbrae, CA 94030,Address not disclosed
Millbrae, CA 94030,Address not disclosed
Millbrae, CA 94030,Address not disclosed
Millbrae, CA 94030,Address not disclosed
Millbrae, CA 94030,Address not disclosed
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$4,690,000

$4,980,000

5.8%
Est.Price: ?

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Est. payment /mo

8,999 Sqft Lot


SOLD DATE : 12/21/2021

Key Details

Sold Price $4,690,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81832501

Sold Date 12/21/21

HOA Y/N No

Year Built 1969

Annual Tax Amount $10,367

Lot Size 8,999 Sqft

Property Description

Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R-3 Multi Family

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 9

Roof Type Flat

Building

Water Public

Schools

School District Other

Others

Tax ID 021434100

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Maggie Li • Intero Real Estate Services
Bought with Spencer Luo
agent-avatar

+1(818) 645-0845

cyrene@cyreneproperties.com

15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA

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