105 Chadbourne Avenue and 75 Broadway present a compelling value-add and development opportunity in one of the Bay Areas most desirable and undersupplied submarkets. The portfolio includes an 8-unit apartment building located at 105 Chadbourne Avenue and an adjacent single-family home at 75 Broadway on the neighboring parcel (9 units… Read More total, 100% occupied). Perfect for developers looking to capitalize on Californias pro-housing legislation or investors seeking stable cash flow with substantial long-term appreciation potential. The subject consists of a rectangular-shaped corner property with two APNs at the corner of Broadway and Chadbourne Ave and one block in from El Camino Real. Gross site size is 12,000 sf for the two parcels. There is 100 feet of frontage on Broadway and 120 feet of frontage on Chadbourne Ave. Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsulas most sought-after and supply constrained markets. Read Less
Courtesy of Marcus & Millichap, Sam Runco 650-759-3414
Listing Snapshot
Days Online
4
Last Updated
Property Type
Five Or More Units
Square Ft.
7,932
Lot Size
0.28 Acres
Year Built
1929
MLS Number
ML82042730
30 Days Snapshot Of 94030
$1.97M
+11%
(avg) sold price
14
+7%
homes sold
10
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 12000.00, Max Area Units: Square Feet, Lot is 0.27548209366391 acres
Accessibility Features
None
Building
7,932 structure square feet, Age: 97, Built in 1929, 3 buildings, 9 minimum units in complex
Cooling
None
Foundation
Other
Garage
6 garage spaces, Attached Garage, On Street
Water Features
Other
Heating
Wall Furnace
Tenant Pays
Other
Miscellaneous
Total expenses: 103209
Property
Zoning: RF-MU
Roof
Other
Security Features
None
Taxes
Annual tax amount: $73,209
Sewer
Other
Utilities
Separate Electric, Separate Gas, Other
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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