Millbrae, CA 94030,1391 Broadway
Millbrae, CA 94030,1391 Broadway
Millbrae, CA 94030,1391 Broadway
$3,000,000
Est. payment /mo
$3,250,000
7.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

7,061 Sqft Lot
SOLD DATE : 08/19/2022

Key Details

Sold Price $3,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81894847

Sold Date 08/19/22

HOA Y/N No

Year Built 1959

Annual Tax Amount $4,058

Lot Size 7,061 Sqft

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 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Tar/Gravel

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Mills

School District Other

Others

Tax ID 021276290

Financing Conventional

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Gregory Terry • Compass
Bought with Tom Fanucchi • Compass

GET MORE INFORMATION

High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.