Millbrae, CA 94030,970 Magnolia Avenue
$6,055,000
$6,485,000
6.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

11,816 SqFt

970 Magnolia Avenue Millbrae, CA 94030

Est. payment /mo
SOLD DATE : 08/25/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $6,055,000

Property Type Other Types

Sub Type OTHER

Listing Status Sold

Purchase Type For Sale

Square Footage 11,816 sqft

Price per Sqft $512

MLS Listing ID ML81928788

Sold Date 08/25/23

HOA Y/N No

Year Built 1950

Lot Size 0.354 Acres

Acres 0.35

Property Description

Prominently displayed amid Millbrae's most coveted row of multi-family residential buildings, 970 Magnolia Avenue boasts unparalleled access to the shops and restaurants of downtown Millbrae, as well as transportation and highly ranked schools. Behind the buildings stately facade are Twelve (12) sizable and well appointed residential units, some of which have benefitted from recent upgrading... A fantastic opportunity to add a pride of ownership property to your portfolio! Here are some attractive elements of this offering: 12 Units (All are 2-BR, 1-BA), 6 Garage ParkingSpaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per TaxRecords), Built in 1950, Gross Rental Income: $371,733.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.

Location

State CA

County San Mateo

Area Listing

Zoning R3

Interior

Heating Natural Gas, Wall Furnace

Cooling No Air Conditioning

Flooring Concrete, Hardwood, Laminate

Fireplace No

Building

New Construction No

Schools

School District San Mateo Union High

Others

Tax ID 021362120R

Read Less


Bridge MLS
Listed by Gregory Terry • Compass
Bought with Jose ChitoDenoga

GET MORE INFORMATION

Vid Cotarta

Broker Associate | License ID: 01962807

+1(510) 410-3999

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.