1007 Hemlock Avenue

Millbrae, CA 94030

$4,800,000
Last Sold Price
Beds
9,350 Sq. Ft.
$513 / Sq. Ft.
9,350
Sq. Ft.
$513
per Sq. Ft.

Description

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...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.
  1. Listed by Gregory Cohn • DRE #00871792 • Brokerage DRE #01908304 • Coldwell Banker Realty • 650-685-7707

Property Details for 1007 Hemlock Avenue

MLS City Name
MILLBRAE
Building Type
Other
Garage Spaces
0
Parking Spaces
6
Cross Street
Mateo Avenue

Location

Listing Courtesy of Coldwell Banker Realty, Gregory Cohn, DRE #00871792

Sold By KW Advisors, Paul Beaudreau, DRE #01910286

Add your commute
LISTING UPDATED: 04/07/2023 09:44 AM

Property Details for 1007 Hemlock Avenue

StatusSold
MLS #ML81916748
Days on Compass1
Taxes$63,545 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1985
Lot Size0.25 AC / 11,031 SF
CountySan Mateo County

Location

Listing Courtesy of Coldwell Banker Realty, Gregory Cohn, DRE #00871792

Sold By KW Advisors, Paul Beaudreau, DRE #01910286

Add your commute

Building Information for 1007 Hemlock Avenue

Stories-Residences-Year Built1985Building Size-Lot Size0.25 AC / 11,031 SF

Payment Calculator

$31,491 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

$5,295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1007 Hemlock Avenue

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven Range, Refrigerator
Features
  • Amenities: None
  • Communications: Other
  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet
  • Fireplace: No
  • Flooring: Laminate, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 9350
  • Pool: No
  • Security Features: Security Fence
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 11
Garage
  • Garage and Parking: Common Parking Area, Covered Parking
Property Details
Homeowners Association
  • HOA Amenities: Common Utility Room
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 11
  • Area Text: Marino Vista Park
  • Restrictions: None
  • Roof: Other
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1007
  • Street Name: Hemlock
  • Street Suffix: Avenue
  • Area ID: 487
Lot / Property Details
Building Information
  • Number Of Stories: 3
  • Number of Buildings: 1
  • Structure SqFt: 9350
  • Structure SqFt Source: Other
  • Age: 38
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R30000
Location Information
  • City Limits: Yes
  • Directions: El Camino Real, East on Mateo Avenue and left on Hemlock
  • Incorporated: No
  • Parcel Number: 021-311-280
  • County Name: San Mateo
  • City Name: MILLBRAE
  • City Postal ID: 34
  • Postal Code: 94030
  • Elementary School District: 932
  • High School District Text: San Mateo Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .25
  • Lot Description: Grade - Level, Paved
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio
Multi Family Information
General Information
  • Annual Tax Amount: $63,545
  • Capitalization Rate: 3.94
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $5,000
  • Expense Landscape: $0
  • Expense Maintenance: $16,500
  • Expense Management: $17,049
  • Expense Trash: $4,800
  • Expenses Other: $7,560
  • Expenses Utility: $21,600
  • Expenses Total: $136,054
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Miscellaneous/Other, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 14.49
  • Income Annual Gross: $340,860
  • Income Annual Rental: $356,400
  • Income Gross Scheduled: $358,800
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,700
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 850
  • Unit Type1 Units Total: 11
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1007 Hemlock Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1007 Hemlock Avenue

Taxable ValueLand$827,903Additions$1,517,843Total$2,345,746
Tax Record2023$38,155 ($3,180 / month)
Home Facts
Lot Size11,332 SqFtStyleMulti-Family Res (5+ Units)ZoningR30000CountySAN MATEOAPN021-311-280

Schools near 1007 Hemlock Avenue

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lomita Park Elementary School
PublicK to 5

Taylor Middle School
Public6 to 8

Mills High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Realty, Gregory Cohn, DRE #00871792

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.