970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
970 Magnolia Avenue
Commercial Sale

970 Magnolia Avenue

970 Magnolia AVE, MILLBRAE, CA 94030

$6,485,000
Prominently displayed amid Millbraes 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 sizable and well appointed residential units, many 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 Parking Spaces, Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $348,637.44, 100% Occupied: Seven tenants are currently month-to-month with Five tenants on existing leases.

11,816 Sq.Ft. LIVING AREA

0.354 Acres lot

Greg Terry

Greg Terry

Features & Amenities

Interior

  • Flooring Concrete, Hardwood, Laminate, Vinyl / Linoleum

Area & Lot

  • Status Commercial Sale
  • Living Area11,816 Sq.Ft.
  • Lot Area0.354 Acres
  • MLS® IDML81894848
  • TypeCOMMERCIAL
  • YEAR BUILT1950
  • View DescriptionIndividual Electric Meters, Individual Gas Meters, Public Utilities

Exterior

  • Garage Space6
  • water SourcePublic
  • utilitiesIndividual Electric Meters, Individual Gas Meters, Public Utilities
  • roofComposition, Shingle
  • parkingAssigned Spaces, Attached Garage, On Street
  • HEAT TYPEGas, Wall Furnace
  • AIR CONDITIONINGNone
  • sewerSewer - Public, Sewer Connected
  • SubstructureConcrete Perimeter
  • security FeaturesNone

Financial

  • Sales Price$6,485,000
  • 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!