1007 Hemlock AvenueMillbrae, CA 94030

Description

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.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1985

Stories

3

Living area

9,350 Sq Ft

Lot size

0.25 acres

Parking spaces

6

Zoning

R30000

Days on market

1368

MLS^® Listing#

ML81916660

Property Features

Appliances

Dishwasher · Electric Oven · Disposal · Range Hood · Vented Exhaust Fan

Cooling

None

Heating

Electric

Flooring

Laminate

Parking

Covered

Lot features

Level · Paved

Foundation

Slab

Roof

Composition · Shingle

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$63,545

Parcel number

021311280

Directions

El Camino Real, East on Mateo Avenue and left on Hemlock Avenue Cross Street: Mateo Avenue