$6,055,000
$6,485,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
11,816 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $6,055,000
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
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
Year Built 1950
Lot Size 0.354 Acres
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 Meadow Glen
Zoning R3
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Carpet, Concrete, Hardwood, Laminate, Vinyl / Linoleum
Exterior
Exterior Feature Courtyard
Parking Features Assigned Spaces, Attached Garage, On Street
Garage Spaces 6.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition,Shingle
Building
Story 3
Foundation Concrete Perimeter
Sewer Sewer - Public, Sewer Connected
Water Public
Level or Stories 3
Others
Tax ID 021-362-120R
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Bought with Jose Chito Denoga • Jose Denoga, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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