$4,690,000
$4,980,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
498 Lincoln CIR Millbrae, CA 94030
5 Beds
4 Baths
10,010 SqFt
Key Details
Sold Price $4,690,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,010 sqft
Price per Sqft $468
MLS Listing ID ML81832501
Sold Date 12/21/21
Bedrooms 5
Full Baths 4
Year Built 1969
Lot Size 9,000 Sqft
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 Multi Family
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Carport , Common Parking Area, On Street
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 021-434-100
Security Features None
Special Listing Condition Not Applicable
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Bought with Spencer Luo • Norcal Realty