Thank you
Gregory Cohn
Coldwell Banker Realty
650-558-4200
This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on a ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Roof : Composition,Shingle
Property Appliances: Dishwasher,Electric Oven,Disposal,Range Hood,Vented Exhaust Fan
Flooring: Laminate
None
Air Conditioning
Electric
Has Heating
Year Built: 1985
Building Area Total: 9,350
Roof: Composition,Shingle
Slab
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2532
Lot Size Source: Assessor
Lot Size Square Feet: 11031
Original List Price: 5,478,000
Listing Contract Date: 2023-01-19
Listing Agreement: Exclusive Right To Sell
Parcel Number: 021311280
Annual Tax: 63545
Garage Description: Covered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: El Camino Real, East on Mateo Avenue and left on Hemlock Avenue Cross Street: Mateo Avenue
Zoning: R30000
Source Property Type: Residential Income
Area: 699 - Not Defined
Property SubType: Mixed Use
Property Age: 39
Structure Type: Mixed Use
Year Built Source: Other
Total Square Feet Living: 9350
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
960 Larkspur Drive, Millbrae, CA,94030 | $550,000 | -- | -- | -- | 200376 Sqft |
1428 Gavilan Way, Millbrae, CA,94030 | $2,300,000 | 4 | 2 | 2,090 | 7272 Sqft |
320 Vallejo Drive #7, Millbrae, CA,94030 | $760,000 | 2 | 2 | 995 | -- |
1396 El Camino Real Uni.., Millbrae, CA,94030 | $945,888 | 2 | 2 | 1,173 | 1171.76 Sqft |
860 Lomita Avenue, Millbrae, CA,94030 | $2,198,000 | 4 | 3 | 2,370 | 7140 Sqft |
317 El Camino Real, Millbrae, CA,94030 | $1,828,000 | 2 | -- | 2,800 | 2846 Sqft |
320 Vallejo Dr #32, Millbrae, CA,94030 | $975,000 | 3 | 2 | 1,352 | -- |
523 Lomita Avenue, Millbrae, CA,94030 | $1,388,000 | 3 | 2 | 1,890 | 5218 Sqft |
320 San Jose Avenue, Millbrae, CA,94030 | $1,400,049 | -- | -- | 1,847 | 2000 Sqft |
415 Elder, Millbrae, CA,94030 | $1,998,000 | 3 | 2 | 2,120 | 5400 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 20:10
MLS: ML81916660
LISTED BY: Gregory Cohn, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.