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 (12) 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 ParkingSpaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per TaxRecords), Built in 1950, Gross Rental Income: $371,733.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.
Sold for $6,055,000 on 08/25/23
$6,055,000
970 Magnolia Ave, Millbrae, CA 94030
--beds
--baths
11,816sqft
Residential Income
Built in 1950
-- sqft lot
$-- Zestimate®
$512/sqft
$2,756 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,756/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 03, 2025 at 01:50pm
Listed by:
Gregory Terry 00957651 650-678-1110,
Compass 650-375-1111,
Jeff Harber 01779765 650-740-2418,
Compass
Bought with:
Jose Chito Denoga, 01008370
Jose Denoga, Broker
Source: MLSListings Inc,MLS#: ML81928788
Facts & features
Interior
Heating
- Gas, Wall Furnace
Cooling
- None
Features
- Flooring: Carpet, Concrete, Hardwood, Laminate, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 11,816
- Total interior livable area: 11,816 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Attached, On Street
- Garage spaces: 6
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 3
Lot
- Size: 0.35 Acres
Details
- Parcel number: 021362120R
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1950
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Millbrae
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2023 | Sold | $6,055,000$512/sqft |
Source:  MLSListings Inc #ML81928788 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $84,086 +190% | $6,055,000 +516.6% |
| 2023 | $28,996 +134.1% | $982,054 +2% |
| 2022 | $12,387 +1% | $962,799 +2% |
Find assessor info on the county website
Neighborhood: 94030
Nearby schools
GreatSchools rating
- 9/10Green Hills Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Taylor Middle SchoolGrades: 6-8Distance: 0.5 mi
- 10/10Mills High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: GreenHillsElementary_1
- Middle: TaylorMiddle
- High: MillsHigh
- District: MillbraeElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.