105 Chadbourne Avenue, Millbrae, CA, CA 94030
- $6,500,000
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- ML82042730
- County
- San Mateo
- Zoning
- RF-MU
- Year Built
- 1929
- Square Feet
- 7,932
- Lot Size (acres)
- 0.2755
- Days on Market
- 108
- Property Type
- Commercial
Property Description
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 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.
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Additional Information
- Taxes
- $73,209
- Parcel Number
- 024332010
- Gross Scheduled Income
- $273,000
- Utilities
- Other
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Other
- Water
- Other
- School District
- Other
Listing courtesy of Listing Agent: Sam Runco (sam.runco@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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