Millbrae, CA 94030,1007 Hemlock AVE
Millbrae, CA 94030,1007 Hemlock AVE
Millbrae, CA 94030,1007 Hemlock AVE
Millbrae, CA 94030,1007 Hemlock AVE
Millbrae, CA 94030,1007 Hemlock AVE
Millbrae, CA 94030,1007 Hemlock AVE
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$4,800,000

$5,198,000

7.7%
Est.Price: ?

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Est. payment /mo

0.25 Acres Lot


SOLD DATE : 04/05/2023

Key Details

Sold Price $4,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81916748

Sold Date 04/05/23

HOA Y/N No

Year Built 1985

Annual Tax Amount $63,545

Lot Size 0.253 Acres

Property Description

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, unit heaters, 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 an ±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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R30000

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 11

Roof Type Other

Total Parking Spaces 6

Building

Lot Description Level, Paved

Water Public

Schools

School District Other

Others

Tax ID 021311280

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gregory Cohn • Coldwell Banker Realty
Bought with Paul Beaudreau • KW Advisors
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