Millbrae, CA 94030,498 Lincoln CIR
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Millbrae, CA 94030,498 Lincoln CIR
Millbrae, CA 94030,498 Lincoln CIR
Millbrae, CA 94030,498 Lincoln CIR
Millbrae, CA 94030,498 Lincoln CIR

$4,690,000

Est. payment /mo

$4,980,000

5.8%
Est.Price: ?

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498 Lincoln CIR Millbrae, CA 94030

5 Beds

4 Baths

10,010 SqFt

SOLD DATE : 12/21/2021

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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MLSListings Inc. (MLSListings)
Listed by Maggie Li • Intero Real Estate Services
Bought with Spencer Luo • Norcal Realty

Darin Franzen

Agent | License ID: 02120146

+1(408) 316-7344

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