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Request Info$5,478,000
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1007 Hemlock Avenue Overview
- Time on Site:
- 1256 days
- Visits:
- 1
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.
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1007 Hemlock Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 9,350
- Price/Sq.ft. $586
- Lot 0.25 Acres
Details
General
Association/HOA
- Association: No
School Information
- School District: Other
Income/Expenses
- Other Expense: 7560.0
- Gross Scheduled Income: 358800.0
- Insurance Expense: 5000.0
- Maintenance Expense: 16500.0
- Trash Expense: 4800.0
Building Information
- Year Built: 1985
Location/Region
- County Or Parish: San Mateo
- MLS Area Major: 699 - Not Defined
Tax Information
- Tax Annual Amount: 63545.0
General Information
- Parcel Number: 021311280
- Property Sub Type: Mixed Use
- Property Type: Residential Income
- Special Listing Conditions: Standard
- Zoning: R30000
Interior
Parking Information
- Garage: No
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Total: 9350.0
General Information
- Accessibility Features: None
- Appliances: Dishwasher,Electric Oven,Disposal,Range Hood,Vented Exhaust Fan
- Flooring: Laminate
- Foundation Details: Slab
- Living Area: 9350.0
- Living Area Source: Other
- Stories Total: 3
Exterior
Parking Information
- Parking Features: Covered
- Parking Total: 6.0
Lot Information
- Lot Features: Level,Paved
- Lot Size Acres: 0.2532
- Lot Size Area: 11031.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 11031.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Water Source: Public
Building Exterior/Construction
- Roof: Composition,Shingle
General Information
- Carport Spaces: 11.0
- Carport: Yes
- Sewer: Public Sewer
1007 Hemlock Avenue Neighborhood
Community
94030 (Millbrae) Demographics
45
Median Age
6,763
Population Density (per sq. mile)
56%
College Educated
$126,319
Estimated Median Income
5,029
Estimated Total Home Owners
2,930
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1007 Hemlock Avenue Monthly Cost
1007 Hemlock Avenue Market Data
Based on the last 30 days in this zip code
$1,940,440
Average List Price
$1,011
Average Price per Square Foot
8
Properties Sold
249
Average Days on Market
58
Properties for Sale
Listing provided courtesy of Coldwell Banker Realty- MLS# ML81916660