Price Reduction
Address
498 Lincoln CIR Millbrae, CA
Price
$ 4,980,000
Property Attributes
  • ID#ML81832501
  • TypeMulti-Family
  • CountySAN MATEO
  • CityMillbrae
  • AreaTelescope Hills-Silva Ranch
  • Zip94030
  • Style
  • Price$ 4,980,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10010
  • Lot Size8,999 SqFt
Listing Provided Courtesy Of:
Maggie Li with Intero Real Estate Services.
Data Source:
MLSListings - 40 - CA
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.

Price History
3/4/2021 Listed $5,780,000
5/10/2021 5% - $5,520,000
9/2/2021 6% - $5,199,000
10/1/2021 5% - $4,980,000

General Features

# of Buildings 1
Accessibility None
Age 52
City MILLBRAE
City Limits (y/n) Yes
Co-Listing Agent Last Name John
Co-Listing Agent Last Name St. Georges
Co-Listing Agent State License # 02122696
Cooling None
County San Mateo
Heating Wall Furnace
Incorporated Y/n Yes
Listing Agent State License 01947004
MLS Area Telescope Hills/Silva Ranch
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Flat / Low Pitch
Security Features None
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters
Water Public
Year Built 1969
Zoning Text R-3 Multi Family

Interior Features

Living Sqft 10010
Unit 1 Rent 2150
Unit 2 Approx Square Footage 645
Unit 3 Approx Square Footage 1400

Exterior Features

Building Area Total 10010
Foundation Details Concrete Slab
Lot Acres 0.2066
Lot Size Area 9000.00
Lot Size Units Square Feet
Maximum Lot Size 9000.00
Meters Master Water, Separate Electric, Separate Gas
Parking Features Carport, Common Parking Area, On Street
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94030

Price
AVG $3.82M
$4.98M
Visits
AVG 140
272
Year Built
AVG 1961
1969
Walkscore
AVG 83
71
Data Provided by Walkscore ® not using MLS data

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