SOLD 04/05/2023
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Commercial sold for $4,800,000 in 77 days
1007 Hemlock Ave Millbrae, CA, 94030
Off the market Other
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, unit heaters, 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 an 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.
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Property details
9,350 sqft interior area
Land area
11,031 sqft (0.25 acres)
Address
1007 Hemlock Ave, Millbrae, CA, 94030
City of California
Millbrae
County
San Mateo
Year Built
1985
District
Marino Vista Park
Nearby major retailers
Costco
Costco Business Center
AT&T
GNC
T-Mobile
7-Eleven
Walgreens
Safeway
Apple Store
Trader Joe's
Lowe's
Pet Food Express
Ace Hardware
Wholesale: 2
Mobile phone: 2
Nutrition supplements: 1
Convenience: 2
Chemist: 1
Supermarket: 5
Electronics: 1
Do it yourself: 2
Pet: 1
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Interior Features
Laminate floors
Floor Covering
Laminate
Garage & Parking
Covered
Other rooms
Updated Baths, Updated Kitchen
Appliances
Refrigerator
Listed by
Gregory Cohn, Coldwell Banker Realty
Name
Gregory Cohn
License number
00871792
Brokerage company
Coldwell Banker Realty
MLS #
ML81916748
Buyer agent
Name
Paul Beaudreau
Brokerage company
KW Advisors
Payment calculator
Calculate your monthly payments
Mortgage
$14,738
Taxes
$0
HOA dues
$0
Mortgage
$960,000 / 20%
2.28%
30 years
Your amount
$14,738 / month
Lot details
TMK #021311280
Lot Description
Level
Parcel nr.
021311280
94030 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94030
44%
Families with children
National average: 39%
30%
Non family households
176,172
Population
$158,057
Average Income
Age & gender
Median age 41 years
More info
Commute types
75% commute by car
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Education level
32% have bachelor education
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Number of employees
4% work in management
More info
Vehicles available
36% have 2 vehicle
More info
Vehicles by gender
36% have 2 vehicle
More info
Housing market insights for
$1.96m
Neighborhood average
sales price*
sales price*
$1.62m
Neighborhood median
sales price*
sales price*
177
Number
of sales*
of sales*
Housing type
60% are single detacheds
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Rooms
29% of the houses have 4 or 5 rooms
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Bedrooms
50% have 2 or 3 bedrooms
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Owners vs Renters
59% are owners
More info
17.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Green energy efficient
Efficient
Ceiling Insulation
Price history
Sold Apr 5, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 5, 2023 | Sold | $4,800,000 | 0 | Public Record |
| Apr 5, 2023 | Price Decrease | $4,800,000 -7.66% | 0 | MLS #ML81916748 |
| Mar 30, 2023 | Pending | $5,198,000 | 0 | MLS #ML81916748 |
| Mar 3, 2023 | Under contract | $5,198,000 | 0 | MLS #ML81916748 |
| Feb 8, 2023 | Price Decrease | $5,198,000 -5.11% | 0 | MLS #ML81916748 |
| Jan 19, 2023 | New Listing | $5,478,000 | 0 | MLS #ML81916748 |
| Jan 19, 2023 | New Listing | $5,478,000 | 585.88 | MLS #ML81916660 |
| Mar 11, 2023 | Unavailable | $5,478,000 | 0 | MLS #ML81916660 |
Taxes of 1007 Hemlock Ave, Millbrae, CA, 94030
R300 zoning / MLS #ML81916748
Zoning
R300
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Frequently Asked Questions about 1007 Hemlock Ave
What is 1007 Hemlock Ave?
1007 Hemlock Ave is a Commercial/Industrial propertywith 9,350 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1007 Hemlock Ave, Millbrae, CA, 94030.
What comparable properties are nearby?
Comparable nearby commercial properties include 435 Broadway, 140 El Camino Real, 1641 El Camino Real, 927 Green Ave, 1405 Bellevue, 33 Highland Ave.
Based on information from the bridgeMLS as of 04-19-2024. 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.
Listing last updated on: May 06, 2023
Verhouse Last checked less than a minute ago
The closest grocery stores are Safeway 2878, 0.18 miles away and Trader Joe's, 0.18 miles away.
The 94030 zip area has a population of 176,172, and 44% of the families have children. The median age is 41.83 years and 75% commute by car. The most popular housing type is "single detached" and 59% is owner.
