SOLD 08/19/2022
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Commercial sold for $3,000,000 in 77 days
1391 Broadway Millbrae, CA, 94030
Off the market Other
Ideally situated near downtown Millbrae, SFO and highly rated schools, this 7 unit building offers a desirable mix of Six 1-BR units and One 2-BR unit, many of which have been recently remodeled. Built in 1959 and meticulously maintained since, 1391 Broadway is a true pride of ownership property with favorable rents and additional upside potential. Here are some features of this opportunity: 7 Units (Six 1-BR; 1-BA & One 2-BR; 1-BA), 7 Parking Stalls: 5 Garage Spaces; 2 Additional Covered Spaces, 6,746 SqFt Building (per Tax Records), 7,062 SqFt Parcel (per Tax Records), Built in 1959, Gross Rental Income: $163,128.00, 100% Occupied: Five tenants are currently month-to-month with two tenants on existing leases. Sellers are also selling 970 Magnolia Avenue in Millbrae - MLS #: ML81894848 (12x 2BR/1BA units) for $6,898,000.
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Property details
6,746 sqft interior area
Land area
7,062 sqft (0.16 acres)
Address
1391 Broadway, Millbrae, CA, 94030
City of California
Millbrae
County
San Mateo
Year Built
1959
District
Millwood
Nearby major retailers
Costco
Costco Business Center
Costco Tire Center
AT&T
GNC
Safeway
Apple Store
Trader Joe's
Lowe's
Pet Food Express
Ace Hardware
7-Eleven
Wholesale: 3
Tyres: 1
Mobile phone: 1
Nutrition supplements: 1
Supermarket: 5
Electronics: 1
Do it yourself: 2
Pet: 1
Convenience: 1
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Interior Features
Hardwood, Tile floors
Floor Covering
Hardwood, Tile
Garage & Parking
Attached, Assigned
Listed by
Gregory Terry, Compass
Name
Gregory Terry
License number
00957651
Brokerage company
Compass
MLS #
ML81894847
Buyer agent
Name
Tom Fanucchi
Brokerage company
Compass
Payment calculator
Calculate your monthly payments
Mortgage
$9,211
Taxes
$0
HOA dues
$0
Mortgage
$600,000 / 20%
2.28%
30 years
Your amount
$9,211 / month
Lot details
TMK #021276290
Parcel nr.
021276290
94030 info
Essentials nearby
Neighborhood stats
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
76% commute by car
More info
Education level
31% have bachelor education
More info
Number of employees
4% work in management
More info
Vehicles available
35% have 2 vehicle
More info
Vehicles by gender
35% have 2 vehicle
More info
Housing market insights for
$1.92m
Neighborhood average
sales price*
sales price*
$1.6m
Neighborhood median
sales price*
sales price*
166
Number
of sales*
of sales*
Housing type
60% are single detacheds
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Rooms
31% of the houses have 4 or 5 rooms
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Bedrooms
53% have 2 or 3 bedrooms
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Owners vs Renters
59% are owners
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Schools
7 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
|
St. Dunstan's Elementary School
1150 Magnolia Avenue,
Millbrae, CA 94030
Elementary School |
0.191mi | |
|
St. Dunstan's Elementary School
1150 Magnolia Avenue,
Millbrae, CA 94030
Middle School |
0.191mi | |
| out of 10 |
Mills High School
400 Murchison Drive,
Millbrae, CA 94030
High School |
1.152mi |
| School rating | Distance | |
|---|---|---|
|
St. Dunstan's Elementary School
1150 Magnolia Avenue,
Millbrae, CA 94030
|
0.191mi | |
| out of 10 |
Green Hills Elementary School
401 Ludeman Lane,
Millbrae, CA 94030
|
0.329mi |
| out of 10 |
Meadows Elementary School
1101 Helen Drive,
Millbrae, CA 94030
|
1.038mi |
| out of 10 |
Spring Valley Elementary School
817 Murchison Drive,
Millbrae, CA 94030
|
1.393mi |
| School rating | Distance | |
|---|---|---|
|
St. Dunstan's Elementary School
1150 Magnolia Avenue,
Millbrae, CA 94030
|
0.191mi | |
| out of 10 |
Taylor Middle School
850 Taylor Boulevard,
Millbrae, CA 94030
|
0.684mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Mills High School
400 Murchison Drive,
Millbrae, CA 94030
|
1.152mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Aug 19, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Aug 19, 2022 | Sold | $3,000,000 | 0 | Public Record |
| Aug 19, 2022 | Price Decrease | $3,000,000 -7.69% | 0 | MLS #ML81894847 |
| Jul 28, 2022 | Pending | $3,250,000 | 0 | MLS #ML81894847 |
| Jul 7, 2022 | Under contract | $3,250,000 | 0 | MLS #ML81894847 |
| Jun 4, 2022 | New Listing | $3,250,000 | 0 | MLS #ML81894847 |
Taxes of 1391 Broadway, Millbrae, CA, 94030
R3 zoning / MLS #ML81894847
Zoning
R3
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Frequently Asked Questions about 1391 Broadway
What is 1391 Broadway?
1391 Broadway is a Commercial/Industrial propertywith 6,746 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1391 Broadway, Millbrae, CA, 94030.
What comparable properties are nearby?
Comparable nearby commercial properties include 1641 El Camino Real, 435 Broadway, 777 San Bruno Ave, 927 Green Ave, 454 Railroad Ave, 30 Gardiner 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: Aug 20, 2022
Verhouse Last checked 8 minutes ago
The closest grocery stores are Trader Joe's, 0.48 miles away and Safeway 2878, 0.57 miles away.
The 94030 zip area has a population of 176,172, and 44% of the families have children. The median age is 41.62 years and 76% commute by car. The most popular housing type is "single detached" and 59% is owner.
