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listing
1 of 27
CommercialFor Sale
$6,485,000
970 Magnolia Avenue
Millbrae, CA 94030
Listed by: Gregory Terry from Compass, 650-678-1110
MLS: MLSListings, Inc.
Est. Mortgage
$33,574/mo

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.

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Based on information from the MLSListings MLS as of 09/30/2022 12:39 PM. 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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