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Listed by Ted McCann • Omarshall, Inc
$4,488,000
Est. payment /mo
11,968 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,968 sqft
Price per Sqft $375
MLS Listing ID ML82002808
HOA Y/N No
Year Built 1960
Lot Size 0.281 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Exterior
View Hills
Building
Lot Description Level
Water Storage Tank
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613