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1007 Hemlock Avenue Millbrae, CA 94030
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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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Bought with PaulBeaudreau