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498 Lincoln Circle

Millbrae, CA 94030
  • $4,980,000
  • STATUS: Active
  • ON SITE: 232 Days
  • ID#: ML81832501
UPDATED: 49 min ago
$4,980,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

Description

Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.

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Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-10-23T19:39:05.093.

www.stevebhalla.com/homes/114775909
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498 Lincoln Circle Millbrae, CA 94030

  • Price: $4,980,000
  • Status: Active
  • Updated: 49 min ago
  • ID#: ML81832501
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1969
Built
Neighborhood:
Telescope Hills/Silva Ranch
County:
San Mateo
Area:
Telescope Hills/Silva Ranch
Property Description
Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.
Exterior Features

Parking Spaces Total 0

Interior Features

Apx Sq Ft Unit1 1100 Apx Sq Ft Unit2 645 Apx Sq Ft Unit3 1400 Bedrooms Unit1 2 Bedrooms Unit3 3 Cooling None Heating Wall Furnace

Property Features

Annual Gross Sched Income 256860 Annual Taxes 10367 Annual Utility Expense 24958 Building Type Other City Transfer Tax No Hoa YN No Net Operating Income 186925 Operating Expenses InsuranceTrash RemovalWater Rent Unit1 2150 Rent Unit2 1795 Rent Unit3 3300 Tenant Pays ElectricGas Tot Bldg Sq Ft 10010 Water Sewer Sewer System - PublicWater - Public Zoning R-3

Listing courtesy of Maggie Li of Intero Real Estate Services.


Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-10-23T19:39:05.093.

 
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