1391 Broadway

Millbrae, CA 94030

$3,000,000
Last Sold Price
Beds
6,746 Sq. Ft.
$445 / Sq. Ft.
6,746
Sq. Ft.
$445
per Sq. Ft.

Description

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,...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.

Listing Agents

  1. Greg Terry

    Greg Terry

    Listing Agent

    Compass

    DRE #00957651

    greg.terry@compass.com

    P: 650.678.1110

  2. Jeff Harber

    Jeff Harber

    Alternative Listing Agent

    Compass

    DRE #01779765

Property Details for 1391 Broadway

MLS City Name
MILLBRAE
Building Type
Other
Garage Spaces
7
Parking Spaces
0
Cross Street
Paramount Drive

Location

Listing Courtesy of Compass, Greg Terry, DRE #00957651; Compass, Jeff Harber, DRE #01779765

Sold By Compass, Tom Fanucchi, DRE #00657467

Add your commute
LISTING UPDATED: 08/19/2022 10:27 AM

Property Details for 1391 Broadway

StatusSold
MLS #ML81894847
Days on Compass15
Taxes$4,058 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.16 AC / 7,062 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Greg Terry, DRE #00957651; Compass, Jeff Harber, DRE #01779765

Sold By Compass, Tom Fanucchi, DRE #00657467

Add your commute

Building Information for 1391 Broadway

Stories-Residences-Year Built1959Building Size-Lot Size0.16 AC / 7,062 SF

Payment Calculator

$16,710 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1391 Broadway

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Living SqFt: 6746
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Millwood
  • Restrictions: Other
  • Roof: Tar and Gravel
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1391
  • Street Name: Broadway
  • Area ID: 492
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6746
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Ownership Type: Partnership
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 021-276-290
  • County Name: San Mateo
  • City Name: MILLBRAE
  • City Postal ID: 34
  • Postal Code: 94030
  • Elementary School: 733
  • Elementary School District: 932
  • Middle School Text: Taylor Middle
  • High School District Text: San Mateo Union High
  • High School Text: Mills High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .16
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
General Information
  • Annual Tax Amount: $4,058
  • Capitalization Rate: 3.71
  • Tenant Expenses: Fee - Parking, Utilities - Electric, Utilities - Gas
  • Income Includes: Lease, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,000
  • Expense Landscape: $720
  • Expense Maintenance: $5,901
  • Expense Management: $10,420
  • Expense Trash: $2,688
  • Expenses Other: $3,654
  • Expenses Utility: $10,007
  • Expenses Total: $42,448
  • Operating Expenses Include: Equipment - Purchase, Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Exterminator, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Janitor, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 19.92
  • Income Annual Gross: $163,128
  • Income Annual Rental: $163,128
  • Income Gross Scheduled: $163,128
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,575
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,650
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Units Total: 6
Unit Type 2
  • Unit Type2 Units Total: 1
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1391 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1391 Broadway

Taxable ValueLand$1,800,000Additions$1,200,000Total$3,000,000
Tax Record2023$42,121 ($3,510 / month)
Home Facts
Baths7Total Finished SqFt6,746 SqFtAbove Grade Finished SqFt6,746 SqFtStories2Lot Size7,062 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountySAN MATEOAPN021-276-290

Schools near 1391 Broadway

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
Green Hills 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Greg Terry, DRE #00957651; Compass, Jeff Harber, DRE #01779765

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.