Millbrae, CA 94030,1391 Broadway
Millbrae, CA 94030,1391 Broadway
Millbrae, CA 94030,1391 Broadway
24
$3,000,000
$3,250,000
7.7%
Est.Price: ?

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7,061 Sqft Lot

1391 Broadway Millbrae, CA 94030

Est. payment /mo
SOLD DATE : 08/19/2022

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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

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

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Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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