970 Magnolia Avenue, Millbrae, California 94030
  • $6,485,000

Overview

Property ID: ML81928788
  • Mixed Use, Residential Income
  • Property Type
  • 6.0
  • Garages
  • 11816 Sqft
  • Area Size
  • 1950
  • Year Built

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.

  • Address: 970 Magnolia Avenue
  • State/county: CA
  • Zip/Postal Code: 94030

Details

Updated on November 20, 2024 at 10:59 pm
  • Property ID ML81928788
  • Price $6,485,000
  • Property Size 11816 Sqft
  • Land Area 0.3535 Acres
  • Garages 6.0
  • Year Built 1950
  • Property Type Mixed Use, Residential Income
  • Property Status Closed

Additional details

  • Roof Composition, Shingle
  • Sewer Public Sewer
  • Cooling None
  • Heating Wall Furnace
  • Flooring Carpet, Concrete, Laminate, Wood
  • County San Mateo
  • Property Type Residential Income
  • Elementary School Other
  • Middle School Other
  • High School Mills

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