1007 Hemlock Avenue

Millbrae, CA 94030

$5,478,000

List Price

N/A

bed Beds

shower Baths

9,350 sqft

straighten / sqft

1985

calendar_month Built

Property Description

This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on a ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.

Listing Information

List Price $5,478,000
Status Active
MLS ML81916660
Type Residential Income
Subtype Mixed Use
Year Built 1985
Lot Size 11,031
Structure Size 9,350
DOM 572
Courtesy Of Coldwell Banker Realty
Listing Agent Gregory Cohn DRE#00871792

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Laminate
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Gregory Cohn, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 20th, 2023 at 4:12 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.