Sold
970 Magnolia AVE
MILLBRAE CA, 94030
$6,055,000
$512.44 per sqft
Sold
11,816 sqft
Multi-family
Built in 1950
Listed by Compass, Gregory Terry, Jeff Harber Listing Contact: 6506781110
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 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 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: $362,913.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.
ML81925753
MLSⓇ ID
July 19, 2023
Listed
March 9, 2024
Updated
Map
970 Magnolia AVE
MILLBRAE CA, 94030
Interior Features
Interior Features
Hardwood, Laminate
Floor Description
Hardwood, Laminate
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.35 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
School Information
School District
932
High School
Mills High
Elementary School
Green Hills Elementary
Other Property Details
Area Name
Meadow Glen
Garage
Yes
Garage Spaces
6
Parking
Attached
Parking Total
6
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
8/26/2023 | Price Change | $6,055,000 -7% |
8/26/2023 | Sold | $6,055,000 |
Listed by Compass, Gregory Terry, Jeff Harber
Listing Contact: 6506781110
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Data last updated 9:49 PM UTC, 3/9/2024