Bought with Tom Fanucchi • Compass
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1391 Broadway Millbrae, CA 94030
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Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,746 sqft
Price per Sqft $444
MLS Listing ID ML81894847
Sold Date 08/19/22
Bedrooms 3
Full Baths 2
Year Built 1959
Lot Size 7,062 Sqft
Property Sub-Type Five or More Units
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.
Location
State CA
County San Mateo
Area Millwood
Zoning R3
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum
Exterior
Parking Features Assigned Spaces, Attached Garage, Carport
Garage Spaces 7.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Tar and Gravel
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public, Sewer Connected
Water Public
Others
Restrictions Other
Tax ID 021-276-290
Security Features None
Special Listing Condition Not Applicable
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