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$ 5,478,000
Est. payment /mo
Active
1007 Hemlock AVE Millbrae, CA 94030
9,350 SqFt
UPDATED:
09/30/2024 06:47 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,350 sqft
Price per Sqft $585
MLS Listing ID ML81916660
HOA Y/N No
Year Built 1985
Annual Tax Amount $63,545
Lot Size 0.253 Acres
Property Description
This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on a ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Electric
Cooling None
Flooring Laminate
Fireplace No
Appliance Dishwasher, Electric Oven, Disposal, Range Hood, Vented Exhaust Fan
Exterior
Parking Features Covered
Carport Spaces 11
Roof Type Composition,Shingle
Accessibility None
Total Parking Spaces 6
Building
Lot Description Level, Paved
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 021311280
Special Listing Condition Standard
Listed by Gregory Cohn • Coldwell Banker Realty