481 Lincoln Cir

Beds
Baths
10,371 Sq. Ft.
$376 / Sq. Ft.
10,371
Sq. Ft.
$376
per Sq. Ft.

Description

Pride of Ownership... Satisfy your 1031 by Years End!... Seven Units located in the most sought after location for Multi-Family in Millbrae. The unit mix: Six-2/1.5 units and One-3/2 unit. Six of the units are Townhouse style units featuring lower level LR/DR, kitchen, 1/2 bath then, upstairs full bath and bedrooms. Rents are significantly below market rate and all leases are month to month. The building has been well maintained through the years and features a new roof installed in 2008. The laundry...Pride of Ownership... Satisfy your 1031 by Years End!... Seven Units located in the most sought after location for Multi-Family in Millbrae. The unit mix: Six-2/1.5 units and One-3/2 unit. Six of the units are Townhouse style units featuring lower level LR/DR, kitchen, 1/2 bath then, upstairs full bath and bedrooms. Rents are significantly below market rate and all leases are month to month. The building has been well maintained through the years and features a new roof installed in 2008. The laundry for the building features Owned Maytag units in excellent condition. Walking distance to downtown, close to parks and Millbrae Recreation Center, Caltrain, BART and SFO. In addition to the 7 units there's an additional studio (compliance not warranted) with 1/4 bath and extra storage. Seven car carport for Tenant's use and an abundance of street parking, if needed.

Listing Agent

  1. Greg Terry

    Greg Terry

    Listing Agent

    Compass

    DRE #00957651

    greg.terry@compass.com

    P: (650)-678-1110

Property Details for 481 Lincoln Circle

MLS City Name
MILLBRAE
Building Type
Other
Garage Spaces
7
Parking Spaces
7
View
Other
Cross Street
Richmond Drive
LISTING UPDATED: 01/02/2025 06:42 PM

Property Details for 481 Lincoln Circle

StatusSold
MLS #ML81534539
Days on Compass19
Taxes$15,352 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1969
Lot Size0.16 AC / 7,040 SF
CountySan Mateo County

Location

Listing Courtesy of Alain Pinel Realtors, Greg Terry, DRE #00957651

Sold By Alain Pinel Realtors, Greg Terry, DRE #00957651

Add your commute

Building Information for 481 Lincoln Circle

Stories-Residences-Year Built1969Building Size-Lot Size0.16 AC / 7,040 SF

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$20,182 per month

30 year fixed, 6.11% Interest

Principal and Interest

$18,903

Property Taxes

$1,279

HOA Dues

$0

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Property Information for 481 Lincoln Circle

Features
Room Information
  • Additional Rooms: Office Area, Storage
  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Features
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 10371
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Available - Not On Site, Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 7
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Telescope Hills/Silva Ranch
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 481
  • Street Name: Lincoln
  • Street Suffix: Circle
  • Area ID: 484
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 10371
  • Structure SqFt Source: Assessor
  • Age: 46
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R4
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 021-433-050
  • 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 Perimeter and Slab, Pillars / Posts / Piers
  • Lot Description: Grade - Level
  • 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
Building Information
  • No Of Leased: 7
General Information
  • Annual Tax Amount: $15,352
  • Capitalization Rate: 3.57
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,500
  • Expense Landscape: $0
  • Expense Maintenance: $600
  • Expense Management: $0
  • Expense Trash: $5,300
  • Expenses Other: $0
  • Expenses Utility: $2,300
  • Expenses Total: $27,052
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 23.43
  • Income Annual Gross: $166,250
  • Income Annual Rental: $165,000
  • Income Gross Scheduled: $166,250
  • Income Other: $1,250
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 1100
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,850
Unit 3 Information
  • Unit 3 Approx Square Footage: 500
  • Unit 3 Full Bathrooms: 0
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 1250

Property History for 481 Lincoln Circle

DateEvent & SourcePriceAppreciation
Aug 19, 2024

Sold

MLSListings #ML81965779

$3,100,000
Aug 19, 2024

Sold

EBRD #ML81965779

$3,100,000
Aug 7, 2024

Sold (Public Record)

Public Record #1541122345

$3,100,000

-2.6% / yr

Jul 15, 2024

Pending

EBRD #ML81965779

Jul 15, 2024

Pending

MLSListings #ML81965779

May 15, 2024

Listed (Active)

EBRD #ML81965779

$3,400,000
May 15, 2024

Listed (Active)

MLSListings #ML81965779

$3,400,000
Jul 30, 2016

Expired

SDMLS #ML81534282

Dec 29, 2015

Sold

MLSListings #ML81534539

$3,895,000
Dec 29, 2015

Sold

EBRD #ML81534539

$3,895,000
Dec 27, 2015

Pending

MLSListings #ML81534539

Dec 27, 2015

Pending

EBRD #ML81534539

Dec 23, 2015

Sold (Public Record)

Public Record #563178655

$3,895,000
Dec 8, 2015

Listed (Active)

EBRD #ML81534539

$3,895,000
Dec 8, 2015

Listed (Active)

MLSListings #ML81534539

$3,895,000
Dec 4, 2015

Listed (Active)

SDMLS #ML81534282

$3,895,000
DateEvent & SourcePrice
08/19/2024

Sold

MLSListings #ML81965779

$3,100,000
08/19/2024

Sold

EBRD #ML81965779

$3,100,000
08/07/2024

Sold (Public Record)

Public Record #1541122345

$3,100,000

-2.6% / yr

07/15/2024

Pending

EBRD #ML81965779

07/15/2024

Pending

MLSListings #ML81965779

05/15/2024

Listed (Active)

EBRD #ML81965779

$3,400,000
05/15/2024

Listed (Active)

MLSListings #ML81965779

$3,400,000
07/30/2016

Expired

SDMLS #ML81534282

12/29/2015

Sold

MLSListings #ML81534539

$3,895,000
12/29/2015

Sold

EBRD #ML81534539

$3,895,000
12/27/2015

Pending

MLSListings #ML81534539

12/27/2015

Pending

EBRD #ML81534539

12/23/2015

Sold (Public Record)

Public Record #563178655

$3,895,000
12/08/2015

Listed (Active)

EBRD #ML81534539

$3,895,000
12/08/2015

Listed (Active)

MLSListings #ML81534539

$3,895,000
12/04/2015

Listed (Active)

SDMLS #ML81534282

$3,895,000

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

Public Records for 481 Lincoln Circle

Taxable ValueLand$1,860,000Additions$1,240,000Total$3,100,000
Tax Record2024$60,715 ($5,060 / month)
Home Facts
Baths11Total Finished SqFt10,371 SqFtAbove Grade Finished SqFt10,371 SqFtStories3Lot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1969CountySAN MATEOAPN021-433-050

Schools near 481 Lincoln Circle

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
Meadows 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Alain Pinel Realtors, Greg Terry, DRE #00957651

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.