$6,055,000Sold Price
11,816 Sqft
15,400 Sqft

970 Magnolia Avenue, Millbrae, CA 94030

  • Commercial Sale Property Type
  • 1950 Year Built
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.

Basic Details
Commercial Sale
Other
Sold
ML81925753
$6,485,000
86
11,816 Sqft
1950
15,400 Sqft
0.35 Acre
Closed
Features
: Natural Gas, Wall Furnace
: None
Public Sewer
: Refrigerator
: Hardwood, Laminate, Concrete
: Coin Operated
: Attached, Assigned
: Composition Shingles
Address Map
CA
San Mateo
Millbrae
94030
Magnolia Avenue
970
W123° 35' 56.6''
N37° 35' 56.2''
R3
Additional Info
Compass
Gregory Terry
greg@gregterry.com
Sold
Public
For Sale
Price History
08/25/2023
$6,055,000
04/24/2023
$6,485,000
$0
Listing Information
2024-10-10T10:26:23Z
Jeff Harber
Compass
BayEast
MLL105040
MLL39596
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    Rekha Mahalingam
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