970 Magnolia Avenue
970 Magnolia Avenue
$6,055,000
—
11,816
11,816
$512
Sold 8/25/23
Description
Prominently displayed amid Millbrae's most coveted row of multi-family residential buildings, 970 Magnolia Avenue boasts unparalleled access to the shops and restaurants of downtown Millbrae, as well as transportation and highly ranked schools. Behind the buildings stately facade are Twelve sizable and well appointed residential units, some of which have benefitted from recent upgrading... A fantastic opportunity to add a pride of ownership property to your portfolio! Here are some attractive elements...Prominently displayed amid Millbrae's most coveted row of multi-family residential buildings, 970 Magnolia Avenue boasts unparalleled access to the shops and restaurants of downtown Millbrae, as well as transportation and highly ranked schools. Behind the buildings stately facade are Twelve sizable and well appointed residential units, some of which have benefitted from recent upgrading... A fantastic opportunity to add a pride of ownership property to your portfolio! Here are some attractive elements of this offering: 12 Units (All are 2-BR, 1-BA), 6 Garage Parking Spaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $362,913.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.
Listing Agents
Property Details for 970 Magnolia Avenue
MLS City Name
MILLBRAE
Building TypeOther
Garage Spaces6
Parking Spaces0
Cross StreetMeadow Glen Aven
Location
LISTING UPDATED: 01/22/2024 06:28 PM
Property Details for 970 Magnolia Avenue
Status | Sold |
---|---|
MLS # | ML81925753 |
Days on Compass | 86 |
Taxes | $12,263 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1950 |
Lot Size | 0.35 AC / 15,400 SF |
County | San Mateo County |
Location
Building Information for 970 Magnolia Avenue
Stories-Residences-Year Built1950Building Size-Lot Size0.35 AC / 15,400 SF
Payment Calculator
$34,067 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 970 Magnolia Avenue
Property History for 970 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 970 Magnolia Avenue
Taxable ValueLand$506,466Additions$475,588Total$982,054
Tax Record2023$28,996 ($2,416 / month)
Home Facts
Baths1Total Finished SqFt11,816 SqFtAbove Grade Finished SqFt11,816 SqFtStories3Lot Size15,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1950CountySAN MATEOAPN021-362-120
Schools near 970 Magnolia 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 |
---|---|---|
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.
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