Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81928788
MLS Source
MLSListings, Inc.
Interior Features
Flooring
Carpet, Concrete, Hardwood, Laminate, Vinyl/Linoleum
Cooling
None
Heating
Gas, Wall Furnace
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Attached Garage, On Street, Garage: 6 Car(s)
Elementary District
Millbrae Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Zoning
R3
Contact Information
Listing Agent
Gregory Terry
Compass
License #: 00957651
Phone: (650) 678-1110
Co-Listing Agent
Jeff Harber
Compass
License #: 01779765
Phone: (650) 740-2418
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
970 Magnolia Ave is a Residential Income in Millbrae, CA 94030. This 11,816 square foot property sits on a 0.353 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,055,000 and was built in 1950. This address can also be written as 970 Magnolia Ave, Millbrae, CA 94030.
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This listing information is up-to-date as of November 20, 2024. For the most current information, please contact Gregory Terry, (650) 678-1110
