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$4,488,000

Est. payment - /mo

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0.28 Acres Lot

Active

Address not disclosed Millbrae, CA 94030

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82002808

HOA Y/N No

Year Built 1960

Annual Tax Amount $49,817

Lot Size 0.281 Acres

Property Description

Prime Investment Opportunity in the Heart of Millbrae! Welcome to The Continental Apartments, a well-maintained 12-unit complex located minutes from vibrant downtown Millbrae. Situated in one of the most desirable cities on the Peninsula, this property offers convenience, strong tenant demand, and long-term upside. Millbrae is known for its top-rated schools, and easy access to SFO, BART, and Caltrain. The downtown features events such as a farmers market, art & wine fest, and an array of shops, restaurants, and services. Trader Joes, Safeway, and the Broadway shopping corridor is close by. The property consists of 2 buildings, each with 4 upper and 2 ground-floor units arranged around a central courtyard. Unit mix: (2) 2-bed / 1-bath units (10) 1-bed / 1-bath units Most apartments include private balconies/patios, or fenced outdoor areas. Each unit has a storage closet. There are 2 shared laundry rooms (each with a washer and dryer). Assigned carport parking is located beneath the buildings. Recent Upgrades: new roof (2024), new exterior paint and new low maintenance landscaping. This is a rare chance to own a turnkey asset in a high-demand rental market with strong fundamentals and room for value-add potential. Ideal for investors seeking stable income and future growth.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 12

Roof Type Bitumen

Building

Lot Description Level, Paved

Water Public

Schools

School District Other

Others

Tax ID 021276350

Special Listing Condition Standard

Listed by Ted McCann Omarshall, Inc

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