Skip To Content

Address Not Available By Request

Millbrae, CA 94030
  • $3,250,000
  • STATUS: Active Under Contract
  • ON SITE: 23 Days
  • ID#: ML81894847
Under Contract
UPDATED: 19 min ago
$3,250,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Gregory Terry of Compass ((650) 375-1111) and Jeff Harber of ()


Description

Ideally situated near downtown Millbrae, SFO and highly rated schools, this 7 unit building offers a desirable mix of Six 1-BR units and One 2-BR unit, many of which have been recently remodeled. Built in 1959 and meticulously maintained since, 1391 Broadway is a true pride of ownership property with favorable rents and additional upside potential. Here are some features of this opportunity: 7 Units (Six 1-BR; 1-BA & One 2-BR; 1-BA), 7 Parking Stalls: 5 Garage Spaces; 2 Additional Covered Spaces, 6,746 SqFt Building (per Tax Records), 7,062 SqFt Parcel (per Tax Records), Built in 1959, Gross Rental Income: $163,128.00, 100% Occupied: Five tenants are currently month-to-month with two tenants on existing leases. Sellers are also selling 970 Magnolia Avenue in Millbrae - MLS #: ML81894848 (12x 2BR/1BA units) for $6,898,000.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T22:28:02.613. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/129508569
Print Image

Address Not Available By Request Millbrae, CA 94030

  • Price: $3,250,000
  • Status: Active Under Contract
  • On Site: 23 Days
  • Updated: 19 min ago
  • ID#: ML81894847
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
Elementary School:
Other
Middle School:
Other
High School:
Mills
School District:
Other
Property Description
Ideally situated near downtown Millbrae, SFO and highly rated schools, this 7 unit building offers a desirable mix of Six 1-BR units and One 2-BR unit, many of which have been recently remodeled. Built in 1959 and meticulously maintained since, 1391 Broadway is a true pride of ownership property with favorable rents and additional upside potential. Here are some features of this opportunity: 7 Units (Six 1-BR; 1-BA & One 2-BR; 1-BA), 7 Parking Stalls: 5 Garage Spaces; 2 Additional Covered Spaces, 6,746 SqFt Building (per Tax Records), 7,062 SqFt Parcel (per Tax Records), Built in 1959, Gross Rental Income: $163,128.00, 100% Occupied: Five tenants are currently month-to-month with two tenants on existing leases. Sellers are also selling 970 Magnolia Avenue in Millbrae - MLS #: ML81894848 (12x 2BR/1BA units) for $6,898,000.
Exterior Features

Carport Spaces 0 Parking Total 0 Roof Tar/Gravel

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 163128 Insurance Expense 5000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 5901 Other Expense 3654 Special Listing Conditions Standard Tax Annual Amount 4058 Trash Expense 2688 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T22:28:02.613. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_369039771-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_369039771-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_369039771-1.jpg
Logo
The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Gregory Terry of Compass ((650) 375-1111) and Jeff Harber of ()