1007 Hemlock AVE

MILLBRAE, CA, 94030

$5,198,000

$555 per ft²
$5,198,000
$555 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
9,350 ft²
property_type
Commercial
calendar
Built 1985
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, unit heaters, 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 an ±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.
MLS® ID:
ML81916748
Updated:
3/27/23

Interior Features

Kitchen Features
Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven Range, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated, Washer / Dryer
Floor Description
Laminate, Vinyl / Linoleum
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.25 acres lot
Lot Details
Grade - Level, Paved
Roof
Other
Sewer
Sewer - Public

Other Property Details

Area Name
487
Association Amenities
Common Utility Room
Garage
Yes
Parking
Common Parking Area, Covered Parking
Parking Total
6.0
View
Y
County
San Mateo
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
R30000

Property History

Date
Event
Price
Value
2/7/23
Price Change
$5,198,000
-5%
3/3/23
Under Contract
-
-

Courtesy of Coldwell Banker Realty, Gregory Cohn,
Listing Contact: 650-685-7707 

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Data last updated 4:11 PM UTC, 3/27/23

 

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