Bought with Jose Chito Denoga • Jose Denoga, Broker
$6,055,000
$6,485,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
11,816 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $6,055,000
Property Type Multi-Family
Sub Type OTHER
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
Originating Board Datashare MLSListings
Year Built 1950
Lot Size 0.354 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
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Concrete, Hardwood, Laminate
Fireplace No
Building
Water Public
Schools
School District San Mateo Union High, Millbrae Elementary
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