SOLD 08/25/2023
Photos
About
Details
Nearby major retailers
Interior Features
Listed by
Buyer agent
Payment calculator
Lot details
Neighborhood
Price history
Taxes
Similar commercial for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
FAQ
Map View
Commercial sold for $6,055,000 in 124 days
970 Magnolia Ave Millbrae, CA, 94030
Off the market Other
Prominently displayed amid Millbrae's most coveted row of multi-family residential buildings, 970 Magnolia Avenue boasts unparalleled access to the shops and restaurants of downtown Millbrae, as well as transportation and highly ranked schools. Behind the buildings stately facade are Twelve sizable and well appointed residential units, some of which have benefitted from recent upgrading... A fantastic opportunity to add a pride of ownership property to your portfolio! Here are some attractive elements of this offering: 12 Units (All are 2-BR, 1-BA), 6 Garage Parking Spaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $362,913.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.
Read more
Property details
11,816 sqft interior area
Land area
15,400 sqft (0.35 acres)
Address
970 Magnolia Ave, Millbrae, CA, 94030
City of California
Millbrae
County
San Mateo
Year Built
1950
District
Listing
Nearby major retailers
Costco
Costco Business Center
AT&T
GNC
T-Mobile
Walgreens
Safeway
Apple Store
Trader Joe's
Lowe's
Pet Food Express
Ace Hardware
7-Eleven
Wholesale: 2
Mobile phone: 2
Nutrition supplements: 1
Chemist: 1
Supermarket: 5
Electronics: 1
Do it yourself: 2
Pet: 1
Convenience: 1
Show more
Interior Features
Concrete, Hardwood, Laminate floors
Roof
Shingle
Floor Covering
Concrete, Hardwood, Laminate
Garage & Parking
Attached, Assigned
Appliances
Refrigerator
Listed by
Gregory Terry, Compass
Name
Gregory Terry
License number
00957651
Brokerage company
Compass
MLS #
ML81925753
Buyer agent
Name
Jose Chito Denoga
Brokerage company
Jose Denoga, Broker
Payment calculator
Calculate your monthly payments
Mortgage
$18,591
Taxes
$0
HOA dues
$0
Mortgage
$1,211,000 / 20%
2.28%
30 years
Your amount
$18,591 / month
Lot details
TMK #021362120
Parcel nr.
021362120
94030 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
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
32% 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
$1.95m
Neighborhood average
sales price*
sales price*
$1.62m
Neighborhood median
sales price*
sales price*
180
Number
of sales*
of sales*
Housing type
60% are single detacheds
More info
Rooms
30% of the houses have 4 or 5 rooms
More info
Bedrooms
51% have 2 or 3 bedrooms
More info
Owners vs Renters
59% are owners
More info
12.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Aug 25, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Aug 25, 2023 | Sold | $6,055,000 | 0 | Public Record |
| Aug 25, 2023 | Price Decrease | $6,055,000 -6.63% | 0 | MLS #ML81925753 |
| Aug 14, 2023 | Pending | $6,485,000 | 0 | MLS #ML81925753 |
| Jul 20, 2023 | Under contract | $6,485,000 | 0 | MLS #ML81925753 |
| Apr 24, 2023 | New Listing | $6,485,000 | 0 | MLS #ML81925753 |
| Dec 12, 2022 | Unavailable | $6,485,000 | 0 | MLS #ML81894848 |
| Oct 26, 2022 | For sale | $6,485,000 | 0 | MLS #ML81894848 |
| Oct 15, 2022 | Under contract | $6,485,000 | 0 | MLS #ML81894848 |
| Oct 12, 2022 | Unavailable | $6,485,000 | 0 | MLS #ML81894848 |
| Sep 30, 2022 | For sale | $6,485,000 | 0 | MLS #ML81894848 |
| Sep 23, 2022 | Under contract | $6,485,000 | 0 | MLS #ML81894848 |
| Jul 28, 2022 | Price Decrease | $6,485,000 -5.99% | 0 | MLS #ML81894848 |
| Jun 4, 2022 | New Listing | $6,898,000 +241935.09% | 0 | MLS #ML81894848 |
| Mar 27, 2024 | Withdrawn | $2,850 | 3.17 | MLS #ML81780215 |
| Jun 22, 2020 | Unavailable | $2,850 | 3.17 | MLS #ML81780215 |
| Jan 25, 2020 | New Listing | $2,850 | 3.17 | MLS #ML81780215 |
Taxes of 970 Magnolia Ave, Millbrae, CA, 94030
R3 zoning / MLS #ML81925753
Zoning
R3
Similar commercial for sale
Similar homes nearby 970 Magnolia Ave for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
By pressing SEND, you agree that Verhouse and real estate professionals may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You don’t need to consent as a condition of buying any property, goods or services. Message/data rates may apply. You also agree to our Terms of Use. Verhouse does not endorse any real estate professionals.
Frequently Asked Questions about 970 Magnolia Ave
What is 970 Magnolia Ave?
970 Magnolia Ave is a Commercial/Industrial propertywith 11,816 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
970 Magnolia Ave, Millbrae, CA, 94030.
What comparable properties are nearby?
Comparable nearby commercial properties include 435 Broadway, 140 El Camino Real, 1641 El Camino Real, 927/933 Green Ave, 1405 Bellevue, 12 Lorton Ave.
Based on information from the bridgeMLS as of 04-25-2024. 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: Jan 22, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Trader Joe's, 0.11 miles away and Safeway 2878, 0.21 miles away.
The 94030 zip area has a population of 176,172, and 44% of the families have children. The median age is 41.8 years and 76% commute by car. The most popular housing type is "single detached" and 59% is owner.
