Listing provided courtesy of Gregory Cohn of Coldwell Banker Realty. Last updated 2023-01-20 09:11:28.000000. Listing information © 2024 Sandicor.
Asking Price: $5,478,000
1007 Hemlock, Millbrae CA 94030
Community: 699 - Not Defined
This Mixed Use property was built in 1985 and is priced at $5,478,000. Please see the additional details below.
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.
