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

0.35 Acres Lot


SOLD DATE : 08/25/2023

Key Details

Sold Price $6,055,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81925753

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 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 Parking Spaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $362,913.48, 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

Fireplace No

Exterior

Roof Type Composition,Shingle

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Mills

School District Other

Others

Tax ID 021362120

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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+1(951) 428-0833

brittany.nicola@exprealty.com

2603 Camino Ramon, Ramon, CA, 94583

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