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Sold

970 Magnolia AVE

970 Magnolia AVE, MILLBRAE, CA 94030

$6,055,000

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.

11,816 Sq.Ft. LIVING AREA

0.35 Acres lot

Features & Amenities

Interior

Flooring Hardwood, Laminate
other interior Features Hardwood, Laminate

Area & Lot

Status Sold
Living Area11,816 Sq.Ft.
Lot Area0.35 Acres
MLS® IDML81928788
TypeResidential
YEAR BUILT1950
Elementary SchoolGreen Hills Elementary
Middle SchoolTaylor Middle
High SchoolMills High
School DistrictSan Mateo Union High

Exterior

STORIES3
Garage Space6.0
water SourcePublic
roofComposition, Shingle
parkingAttached
HEAT TYPENatural Gas
sewerPublic Sewer

Financial

Sales Price$6,055,000
Zoning R3

Work With Us

Our local expertise has been integral to our success in this increasingly competitive market. With our full service marketing plan, we coordinate the preparation of each home to ensure our clients receive top dollar.

Contact Details

EMMA ELFVING

Phone

650.773.5115

[email protected]

ERIK ELFVING

Phone

650.773.5836

[email protected]

Address

1440 Chapin Ave, Suite #200 Burlingame, CA 94010

Emma Elfving | DRE 01870848

Erik Elfving | DRE 01874451

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