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.
Property Details
Price:
$5,478,000
MLS #:
ML81916660
Status:
Active
Baths:
0
Address:
1007 Hemlock Avenue
Type:
Residential Income
Subtype:
Mixed Use
Neighborhood:
699notdefined
City:
Millbrae
Listed Date:
Jan 19, 2023
State:
CA
ZIP:
94030
Lot Size:
11,031 sqft / 0.25 acres (approx)
Year Built:
1985
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Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Vented Exhaust Fan, Disposal, Range Hood, Electric Oven
Cooling
None
Flooring
Laminate
Heating
Electric
Exterior
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
Level, Paved
Parking Features
Covered
Parking Spots
6.00
Roof
Composition, Shingle
Sewer
Public Sewer
Stories Total
3
Water Source
Public
Financial
Map
Community
- Address1007 Hemlock Avenue Millbrae CA
- Area699 – Not Defined
- CityMillbrae
- CountySan Mateo
- Zip Code94030
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1007 Hemlock Avenue
Millbrae, CA
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