970 Magnolia Avenue

Millbrae, CA, 94030

$6,485,000

$548 per ft²
$6,485,000
$548 per ft²
Pending
Pending
 - For Sale
carpenters-square
11,816 ft²
property_type
Commercial
calendar
Built 1950
Prominently displayed amid Millbraes 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, many 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: $348,637.44, 100% Occupied: Seven tenants are currently month-to-month with Five tenants on existing leases.
MLS® ID:
ML81894848
Listed:
6/3/22
Updated:
10/6/22

Interior Features

Kitchen Appliances
Dishwasher, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Concrete, Hardwood, Laminate
Cooling
None
Heating
Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size
0.35 acres lot
Roof
Shingle
Sewer
Public Sewer

Other Property Details

Area Name
Meadow Glen
Garage
Yes
Parking
Attached, Assigned
View
N
County
San Mateo
Water Source
Public
Pool
No
Zoning
R3

Property History

Date
Event
Price
Value
9/23/22
Pending
-
-
7/27/22
Price Change
$6,485,000
-5%

Courtesy of Compass, Gregory Terry,
Listing Contact:  

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