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Commercial Sale

1391 Broadway

1391 Broadway, MILLBRAE, CA 94030

$3,250,000
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.

6,746 Sq.Ft. LIVING AREA

0.162 Acres lot

Greg Terry

Greg Terry

Features & Amenities

Interior

  • Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum

Area & Lot

  • Status Commercial Sale
  • Living Area6,746 Sq.Ft.
  • Lot Area0.162 Acres
  • MLS® IDML81894847
  • TypeCOMMERCIAL
  • YEAR BUILT1959
  • View DescriptionIndividual Electric Meters, Individual Gas Meters, Public Utilities

Exterior

  • Garage Space7
  • water SourcePublic
  • utilitiesIndividual Electric Meters, Individual Gas Meters, Public Utilities
  • roofTar and Gravel
  • parkingAssigned Spaces, Attached Garage, Carport
  • HEAT TYPEGas, Wall Furnace
  • AIR CONDITIONINGNone
  • sewerSewer - Public, Sewer Connected
  • SubstructureConcrete Perimeter and Slab
  • security FeaturesNone

Financial

  • Sales Price$3,250,000
  • Zoning R3

Work With Us

With an expertise in negotiating and marketing, Greg Terry is trusted to guide clients through transactions to fulfill their real estate needs. Don't hesitate to contact Greg today!