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$ 4,980,000
Est. payment /mo
Pending
498 Lincoln Circle Millbrae, CA 94030
5 Beds
10,010 SqFt
UPDATED:
Key Details
Property Type COMM RI MULTI-UNITS 5
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,010 sqft
Price per Sqft $497
MLS Listing ID ML81832501
Bedrooms 5
HOA Y/N No
Year Built 1969
Annual Tax Amount $10,367
Lot Size 9,000 Sqft
Property Sub-Type Other
Property Description
Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.
Location
State CA
County San Mateo
Area Telescope Hills/Silva Ranch
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Building
Water Sewer System - Public, Water - Public
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Listed by Intero Real Estate Services