Millbrae, CA 94030,1007 Hemlock Avenue
$4,800,000
$5,198,000
7.7%
Est.Price: ?

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9,350 SqFt

1007 Hemlock Avenue Millbrae, CA 94030

Est. payment /mo
SOLD DATE : 04/05/2023

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Key Details

Sold Price $4,800,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 9,350 sqft

Price per Sqft $513

MLS Listing ID ML81916748

Sold Date 04/05/23

HOA Y/N No

Year Built 1985

Lot Size 0.253 Acres

Acres 0.25

Property Description

Completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, unit heaters, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, 850sf each and situated on an 11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.

Location

State CA

County San Mateo

Area Listing

Zoning R300

Interior

Interior Features Updated Baths, Updated Kitchen

Heating Electric

Cooling None

Flooring Laminate

Fireplace No

Window Features Double Pane Windows

Appliance Refrigerator

Laundry Coin Operated

Exterior

Parking Type Covered

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 021311280

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Bridge MLS
Listed by Gregory Cohn • Coldwell Banker Realty
Bought with PaulBeaudreau

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Vid Cotarta

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