About 1007 Hemlock Avenue
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.
Features of 1007 Hemlock Avenue
| MLS® # | ML81916660 |
|---|---|
| Price | $5,478,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,350 |
| Acres | 0.25 |
| Year Built | 1985 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1007 Hemlock Avenue |
|---|---|
| Area | 699 - Not Defined |
| City | Millbrae |
| County | San Mateo |
| Zip Code | 94030 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Covered |
| Garages | Covered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Appliances | Dishwasher, Electric Oven, Disposal, Range Hood, Vented Exhaust Fan |
| Heating | Electric |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Lot Description | Level, Paved |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Slab |
School Information
| District | Other |
|---|
Additional Information
| Date Listed | January 19th, 2023 |
|---|---|
| Days on Market | 1021 |
| Zoning | R30000 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gregory Cohn |
|---|---|
| Office | Coldwell Banker Realty |