655 Mariposa Avenue
Mountain View, CA 94041
Sq. Feet 13,360
479 Lincoln Circle, in Millbrae, California is a charming apartment building in the suburban Meadow Glenn Neighborhood of Millbrae. The property consists of nine (9) two-bedroom/one-bathroom units, and one (1) three-bedroom/one and a half bath townhouse style unit. The units are all over 1,000 square feet, and feature nine (9) covered parking spaces, and one (1) garage space. Located within the property is a laundry room that provides tenants access to a coin-operated washer/dryer. The tenants also have individual storage spaces located at the end of their designated parking spaces, and have separate meters for gas, and electricity.
The property is located in the Meadow Glenn Neighborhood of Millbrae; characterized by neat, well-kept homes of uniformly traditional style. Meadow Glen has the added benefit of being an easy walk to downtown. The district’s southern edge offers access to Central Park and the Millbrae Recreation Community Center. Its eastern border is downtown, with the furthest point of the neighborhood being less than a mile from Broadway shopping and dining, an equal distance from BART and Cal train, and a five-minute drive from the nearest freeway onramp.
Cap Rate: 5.11% NOI: $240,471 Livable Sq. Ft: 9,820
Built in 1969 9 units Lot Sq. Ft: 9,405