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

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11,816 SqFt

970 Magnolia Avenue Millbrae, CA 94030

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

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

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Vid Cotarta

Broker Associate | License ID: 01962807

+1(510) 410-3999

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