479 Lincoln Circle | Millbrae
Millbrae, CA 94030
Sq. Feet 9,405
$4,700,000
The Gustavson Group is pleased to annouce the exclusive llisting of a 12-unit apartment complex located in one of the most sought after cities on the entire Peninsula Millbrae, California.
Situation on an 11,938 square foot lot "The Continental Apartments" give way to twelve (12) spacious apartments with 11,969 square feet of livable space. The Continental Apartments have a unit mix consisting of two (2) two-bedroom/one-bath units and ten (10) one-bedroom/one-bath units both with large spacious interiors of +/-947 sqft, and +/-710 sqft, respectively. The property consists of two separate identical buildings separated by a courtyard, and each unit has either a large private outdoor deck, or fenced-in outdoor patio. Each building has six (6) tuck under carport parking spots with large tenant storage closets, and two laundry facilities with one (1) washer and one (1) dryer each.
Millbrae is known for its excellent school district, nice weather and Central Peninsula location. Ideally located near Safeway, Trader Joe’s, Broadway’s Restaurant Row and the San Francisco International Airport.
Cap Rate: 4.17% NOI: $216,165 Livable Sq. Ft: 11,968
Built in 1960 12 units Lot Sq. Ft: 11,938