970 Magnolia Ave, Millbrae, CA 94030

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Residential IncomeSold

List Price $6,485,000

Sold Price $6,055,000

970 Magnolia Ave

Millbrae, CA 94030

Listed by: Gregory Terry from Compass, (650) 375-1111

MLS: MLSListings Inc.

11,816Sq Ft

Est. Mortgage

$33,574/mo

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 (12) 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 ParkingSpaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per TaxRecords), Built in 1950, Gross Rental Income: $371,733.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.

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Based on information from the MLSListings MLS as of 04/25/2024 05:32 AM. 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.

Information courtesy of Compass is subject to verification and is not guaranteed.

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