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1391 Broadway

Millbrae, CA 94030
  • $3,250,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • ID#: ML81894847
Under Contract
UPDATED: 119 min ago
$3,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,746
    SQFT
  • $482
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

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.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-07-01T23:52:11.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

Licensed in the State of California.
www.thegilmartins.com/homes/129507978
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1391 Broadway Millbrae, CA 94030

  • Price: $3,250,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 119 min ago
  • ID#: ML81894847
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,746
SQFT
$482
$/SQFT
1959
Built
Neighborhood:
Millwood
County:
San Mateo
Area:
Millwood
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.
Exterior Features

Foundation Concrete Perimeter And Slab Garage Parking Assigned SpacesAttached GarageCarport Number Of Buildings 1 Pool YN No Roof Tar And Gravel Units In Complex Min 7

Interior Features

Beds Unit1 1 Beds Unit2 2 Cooling None Flooring CarpetHardwoodTileVinyl / Linoleum Heating GasWall Furnace Structure Sq Ft 6746

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Millbrae Cross Street Paramount Drive Hoa YN No Incorporated No Lot Size Area Maximum 7062.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1575 Rent Unit2 2650 Restrictions Other Security Features None Sewer Septic Sewer - PublicSewer Connected Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas MetersPublic Utilities Water Public Zoning R3

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Gregory Terry of Compass.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-07-01T23:52:11.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

Licensed in the State of California.
 
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Burlingame CA, 94010