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Key Details
Sold Price $4,690,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81832501
Sold Date 12/21/21
HOA Y/N No
Year Built 1969
Annual Tax Amount $10,367
Lot Size 8,999 Sqft
Property Description
Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-3 Multi Family
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 9
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 021434100
Financing Conventional
Special Listing Condition Standard
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Bought with Spencer Luo