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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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Bought with Tom Fanucchi • Compass
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