Millbrae, CA 94030,970 Magnolia AVE
Millbrae, CA 94030,970 Magnolia AVE
Millbrae, CA 94030,970 Magnolia AVE
Millbrae, CA 94030,970 Magnolia AVE
Millbrae, CA 94030,970 Magnolia AVE
Millbrae, CA 94030,970 Magnolia AVE
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$6,055,000

$6,485,000

6.6%
Est.Price: ?

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Est. payment /mo

11,816 SqFt


SOLD DATE : 08/25/2023

Key Details

Sold Price $6,055,000

Property Type Multi-Family

Sub Type Mixed Use

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

HOA Y/N No

Year Built 1950

Annual Tax Amount $12,263

Lot Size 0.353 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 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Concrete, Laminate, Wood

Fireplace No

Exterior

Garage Spaces 6.0

Garage Description 6.0

View Y/N No

Roof Type Composition,Shingle

Accessibility None

Building

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Mills

School District Other

Others

Tax ID 021362120R

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gregory Terry • Compass
Bought with Jose Chito Denoga • Jose Denoga, Broker
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