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Scott D. Comstock

scott@homesandwealth.com +1(559) 681-9500

Listed by Sam Runco • Marcus & Millichap, DRE#01977683

$ 6,500,000

Est. payment | -/mo

7,932 SqFt

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$ 6,500,000

Est. payment | -/mo

Save

7,932 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,932 sqft

Price per Sqft $819

MLS Listing ID ML82042730

Year Built 1929

Lot Size 0.275 Acres

Property Sub-Type Five or More Units

Property Description

105 Chadbourne Avenue and 75 Broadway present a compelling value-add and development opportunity in one of the Bay Areas most desirable and undersupplied submarkets. The portfolio includes an 8-unit apartment building located at 105 Chadbourne Avenue and an adjacent single-family home at 75 Broadway on the neighboring parcel (9 units total, 100% occupied). Perfect for developers looking to capitalize on Californias pro-housing legislation or investors seeking stable cash flow with substantial long-term appreciation potential. The subject consists of a rectangular-shaped corner property with two APNs at the corner of Broadway and Chadbourne Ave and one block in from El Camino Real. Gross site size is 12,000 sf for the two parcels. There is 100 feet of frontage on Broadway and 120 feet of frontage on Chadbourne Ave. Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsulas most sought-after and supply constrained markets.

Location

State CA

County San Mateo

Area Highlands Millbrae

Zoning RF-MU

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Attached Garage, On Street

Garage Spaces 6.0

Utilities Available Other

Roof Type Other

Building

Foundation Other

Sewer Other

Water Other

Others

Restrictions None

Tax ID 024-332-010

Security Features None

Special Listing Condition Not Applicable

NEARBY SCHOOLS & PROPERTIES

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+1(559) 681-9500

scott@homesandwealth.com

Serving ALL of California, United States

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105 Chadbourne AVE Millbrae, CA 94030