Properties

Comm Ri Multi-units 5+ For Sale

10,010 Sqft - 498 Lincoln Circle, MILLBRAE, California 94030

QR Code
Property Description

Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today’s work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81832501
Price : $4,980,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 10,010 Sqft
Year Built : 1969
Lot Area : 0.21 Sqft
Features
Heating System : Wall Furnace
Address Map
Country : US
State : CA
County : San Mateo
City : MILLBRAE
Zipcode : 94030
Street : Lincoln Circle
Street Number : 498
Floor Number : 0
Longitude : W123° 35' 53''
Latitude : N37° 36' 1.7''
MLS Addon
Office Name : Intero Real Estate Services
Building Type : Other
Area : Telescope Hills/Silva Ranch
Address : 498 Lincoln Circle
Cross Street : Richmond Dr.
LA1User Code : MLL5075511
LA1Agent First Name : Maggie
LA1Agent Last Name : Li
Status Category : Pending
Tot # Parking Spaces : 0
Tot # of Units : 9
Zoning : R-3
List $/SqFt : $0
Age : 52
Apx Lot Sq Ft : 9,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $10,367
Total Deposits : $0
OPERATING EXPENSES : Insurance, Trash Removal, Water
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 3.75
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $5,780,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 256860
Net Oper Income : 186925
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 24958
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 19.39
List Agent DRE Num. : 01947004
Filtered Address : 498 Lincoln CIR
LA1Agent License ID : 01947004
LA1Old Agent ID : 346079
LA1NRDS_ID : 191014682
LA2Agent First Name : John
LA2Agent Last Name : St. Georges
LA2User Code : MLL5083556
LA2Old Agent ID : 386697
LA2NRDS_ID : 191019333
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 021-434-100
Showing : See Confidential Remarks
LO2Office Name : Intero Real Estate Services
LO1Main Office ID : 71745
LO1Board ID : 0
LO2Office Identifier : 71745
LO2Main Office ID : 71745
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 4980000
Address Search Number : 498
Listing Agent : 300193
Listing Office : 71745
Co-List Agent : 336606
Listing Office 2 : 71745
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 15
Input Date : 04/03/2021 21:49:24
Update Date : 10/12/2021 10:06:02
PhotoTimestamp : 02/11/2021 13:02:18
First Photo Add Timestamp :
List Date : 04/03/2021
Expire Date :
Pending Date : 01/11/2021
Closing Date : 17/12/2021
Status Date : 01/11/2021
Price Date :
Off Market Date : 01/11/2021
Status : Pending
Dual Variable : No
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 242
Cumulative DOMLS : 242
Unit # 1 # of Bedrooms: 2
Unit # 1 Rent: 2150
Unit # 2 Rent: 1795
Unit # 3 # of Bedrooms: 3
Unit # 3 Rent: 3300
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81832501
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 10,010 Sqft
$4,980,000
Agent info
Contact Agent