1365 Broadway, Millbrae, CA 94030

12 Unit Apartment Building | $5,680,000 ($473,333/Unit) | 3.68% Cap Rate | Millbrae, CA 94030

Asking Price $5,680,000

Property Type: Multifamily
Square Feet: 11,968 SF

Listing Contacts

Nate Gustavson

Verified Profile

Cameron Foster

Verified Profile

Property Info

Property Overview

OPEN HOUSE - THURSDAY 6/27/24 FROM 11:00AM-12:30PM
Nate Gustavson & Cameron Foster of Compass Commercial are pleased to announce the exclusive listing of a 12-unit apartment complex located in one of the most sought after cities on the entire Peninsula, Millbrae, California. Situation on an 11,938 square foot lot "The Continental Apartments" give way to twelve (12) spacious apartments with 11,969 square feet of livable space. The Continental Apartments have a unit mix consisting of two (2) two-bedroom/one-bath units and ten (10) one-bedroom/one-bath units both with large spacious interiors of +/-947 sqft, and +/-710 sqft, respectively. The property consists of two separate identical buildings separated by a courtyard, and each unit has either a large private outdoor deck, or fenced-in outdoor patio. Each building has six (6) tuck under carport parking spots with large tenant storage closets, and two laundry facilities with one (1) washer and one (1) dryer each. Millbrae is known for its excellent school district, nice weather and Central Peninsula location. Ideally located near Safeway, Trader Joe’s, Broadway’s Restaurant Row and the San Francisco International Airport.

Property Details

Class: C
Year Built: 1960
Stories: 2
Lot Size (sq. ft): 11,761 SF
Units: 12

Highlights

Large & Spacious Units
All Units have a Private Patio or Deck
Assigned Carport Parking for All Units

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