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Sold for $3,000,000 on 08/19/22
  • $3,000,000

    Broadway, Millbrae, CA 94030

    --beds
    --baths
    6,746sqft
    Five Or More Units,
    Built in 1959
    -- sqft lot
    $3,700,900 Zestimate®
    $445/sqft
    $4,089 Estimated rent

    What's special

    Ideally situated near downtown Millbrae, SFO and highly rated schools, this 7 unit building offers a desirable mix of Six 1-BR units and One 2-BR unit, many of which have been recently remodeled. Built in 1959 and meticulously maintained since, 1391 Broadway is a true pride of ownership property with favorable rents and additional upside potential. Here are some features of this opportunity: 7 Units (Six 1-BR; 1-BA & One 2-BR; 1-BA), 7 Parking Stalls: 5 Garage Spaces; 2 Additional Covered Spaces, 6,746 SqFt Building (per Tax Records), 7,062 SqFt Parcel (per Tax Records), Built in 1959, Gross Rental Income: $163,128.00, 100% Occupied: Five tenants are currently month-to-month with two tenants on existing leases. Sellers are also selling 970 Magnolia Avenue in Millbrae - MLS #: ML81894848 (12x 2BR/1BA units) for $6,898,000.

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2025 at 06:15am

    Listed by:

    Gregory Terry 00957651 650-678-1110,

    Compass,

    Jeff Harber 01779765 650-740-2418

    Bought with:

    Tom Fanucchi, 00657467

    Compass

    Source: MLSListings Inc,MLS#: ML81894847MLS Logo

    Facts & features

    Interior

    Heating
    • Gas, Wall Furnace
    Cooling
    • None
    Features
    • Flooring: Carpet, Hardwood, Tile, Vinyl Linoleum
    • Doors: None
    Interior area
    • Total structure area: 6,746
    • Total interior livable area: 6,746 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Assigned, Attached, Carport
    • Garage spaces: 7
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 7,056 sqft
    Details
    • Parcel number: 021276290
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units,
    Materials
    • Foundation: Concrete Perimeter and Slab
    • Roof: TarGravel
    Condition
    • Year built: 1959

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Millbrae

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan, Exchange
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $3,700,900

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $3,700,900