The Bay Area Portfolio: four apartment communities totaling 41 units across Millbrae, Redwood City, Martinez, and Concord, spanning San Mateo and Contra Costa Counties. Individual assets range from 8 to 15 units. The Offering is available as a whole, in sub-portfolios, or asset by asset. The portfolio divides along county lines by basis and by yield. The San Mateo County sub portfolio accounts for 25 units and $11,300,000 at an average go-to-market cap rate of 4.94%, while the Contra Costa County sub portfolio accounts for 16 units and $4,450,000 at 5.26% go-to-market cap rate. On the Peninsula, 472-480 Lincoln Circle sits in the affluent Telescope Hills neighborhood roughly one mile from the Millbrae Intermodal Station, the only platform in the region where BART connects directly with Caltrain. 1548 Hudson Street holds the portfolio's largest floorplans, averaging about 1,160 square feet per unit, in Redwood City's Palm Park neighborhood. In-place rents at the two Peninsula assets run 10.54% and 10.34% below market, respectively. 472-480 Lincoln Circle, Millbrae 1548 Hudson St, Redwood City 3550 Chestnut Ave, Concord 1524-1534 Willow St, 1131 Warren St, Martinez
Courtesy: Intero Real Estate Services
408-342-3000
Stellar duplex in one of Millbrae's most convenient locations! This duplex offers 2 identical 2 bed, 1 bath floor plans, with their addresses at 332 San Jose Ave and 333 Pine Street. Each unit enjoys an attached one car garage with washer and dryer and private backyard. Both units are equipped with openable skylights, dishwashers, garbage disposals, and newer appliances. A highly productive fragrant lemon tree graces the frontage of 333 Pine Street. This duplex is currently tenant-occupied with stable tenants on month-to-month leases, presenting immediate income potential. Ideally situated within walking distance to vibrant downtown Millbrae and major commute corridors, this prime location is near the heart of the city with its charming cafes, artisanal bakeries, and diverse dining options offering a rich mix of multicultural cuisine. Residents benefit from proximity to amenities including the Millbrae Library, recreation center, community garden, popular farmers markets and specialty grocers like Trader Joe's. Nestled in a quiet neighborhood yet exceptionally commuter-friendly, this property is just minutes from Caltrain, BART, major freeways, and SFO. A rare opportunity in a highly desirable location ideal for both homeowners and investors alike!
Stellar duplex in one of Millbrae's most convenient locations! This duplex offers 2 identical 2 bed, 1 bath floor plans, with their addresses at 332 San Jose Ave and 333 Pine Street. Each unit enjoys an attached one car garage with washer and dryer and private backyard. Both units are equipped with openable skylights, dishwashers, garbage disposals, and newer appliances. A highly productive fragrant lemon tree graces the frontage of 333 Pine Street. This duplex is currently tenant-occupied with stable tenants on month-to-month leases, presenting immediate income potential. Ideally situated within walking distance to vibrant downtown Millbrae and major commute corridors, this prime location is near the heart of the city with its charming cafes, artisanal bakeries, and diverse dining options offering a rich mix of multicultural cuisine. Residents benefit from proximity to amenities including the Millbrae Library, recreation center, community garden, popular farmers markets and specialty grocers like Trader Joe's. Nestled in a quiet neighborhood yet exceptionally commuter-friendly, this property is just minutes from Caltrain, BART, major freeways, and SFO. A rare opportunity in a highly desirable location ideal for both homeowners and investors alike!
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.
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Millbrae is located in California. Millbrae, California has a population of 23,083. Millbrae is less family-centric than the surrounding county with 35.61% of the households containing married families with children. The county average for households married with children is 35.93%.
The median household income in Millbrae, California is $141,399. The median household income for the surrounding county is $136,837 compared to the national median of $69,021. The median age of people living in Millbrae is 44.9 years.
The average high temperature in July is 69.8 degrees, with an average low temperature in January of 45.8 degrees. The average rainfall is approximately 25.3 inches per year, with 0 inches of snow per year.
