1365 Broadway - Apartments FOR SALE


Millbrae, CA 94030
$5,180,000 USD
415-786-9410
1365 Broadway, Millbrae, CA for Sale
$5,180,000 USD
Apartments - FOR SALE
1/45
null | 4.17% Cap Rate

1365 Broadway
Millbrae, CA 94030


HIGHLIGHTS

  • Large & Spacious Units
  • All Units have a Private Patio or Deck
  • Assigned Carport Parking for All Units

OVERVIEW

PRICE REDUCTION OF $500,000! Nate Gustavson & Cameron Foster of Compass Commercial are pleased to announce the exclusive listing of a 12-unit apartment complex located in one of the most sought after cities on the entire Peninsula, Millbrae, California.  Situation on an 11,938 square foot lot "The Continental Apartments" give way to twelve (12) spacious apartments with 11,969 square feet of livable space. The Continental Apartments have a unit mix consisting of two (2) two-bedroom/one-bath units and ten (10) one-bedroom/one-bath units both with large spacious interiors of +/-947 sqft, and +/-710 sqft, respectively. The property consists of two separate identical buildings separated by a courtyard, and each unit has either a large private outdoor deck, or fenced-in outdoor patio. Each building has six (6) tuck under carport parking spots with large tenant storage closets, and two laundry facilities with one (1) washer and one (1) dryer each. Millbrae is known for its excellent school district, nice weather and Central Peninsula location. Ideally located near Safeway, Trader Joe’s, Broadway’s Restaurant Row and the San Francisco International Airport.

FOR SALE DETAILS

PRICE

$5,180,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

12

PRICE/UNIT

$431,667

CAP RATE

4.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R4

APN/PARCEL ID

021-276-350

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.