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970 Magnolia Avenue Millbrae, CA 94030
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Key Details
Sold Price $6,055,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 11,816 sqft
Price per Sqft $512
MLS Listing ID ML81925753
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 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 Parking Spaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $362,913.48, 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 None
Flooring Concrete, Hardwood, Laminate
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Exterior
Parking Type Attached, Assigned
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 021362120
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Bought with Jose ChitoDenoga