970 Magnolia Avenue, Millbrae, CA 94030
Commercial property · 2 recorded sales since 2023
Sold August 2023
Listing Agent: Gregory Terry (DRE #00957651) · Listing Office: Compass · Contact: (650) 375-1111 · Bought with: Jose Chito Denoga · Jose Denoga, Broker · MLS #ML81925753 · Source: CRMLS
About this commercial property
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.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history
