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31644373
31644374

105 Chadbourne Ave, Millbrae, CA 94030

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$6,500,000
58 days on market
Updated 9 days ago

105 Chadbourne & 75 Broadway

Details
Property Type Multifamily
Sub Type Apartment Building
Units 9
Cap Rate 2.73%
NOI $177,420
Occupancy 100%
Year Built 1929
Buildings 3
Stories 2
Acreage 0.280
Investment Type Redevelopment

Multifamily | 9 Units | $722,222/unit

Marketing description

105 Chadbourne Avenue and 75 Broadway present a compelling value-add and development opportunity in one of the Bay Areas most desirable and undersupplied submarkets. The portfolio includes an 8-unit apartment building located at 105 Chadbourne Avenue and an adjacent single-family home at 75 Broadway on the neighboring parcel (9 units total, 100% occupied). Perfect for developers looking to capitalize on Californias pro-housing legislation or investors seeking stable cash flow with substantial long-term appreciation potential. The subject consists of a rectangular-shaped corner property with two APNs at the corner of Broadway and Chadbourne Ave and one block in from El Camino Real. Gross site size is 12,000 sf for the two parcels. There is 100 feet of frontage on Broadway and 120 feet of frontage on Chadbourne Ave. Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsulas most sought-after and supply constrained markets.

Listing Contacts

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$177,420.00
$14,785.00/mo

Valuation Metrics

0
DSCR
2.73%
Cap Rate
2.73%
ROI

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Additional Information

Name
Philip Batlin
License
CA01873218
Name
Sam Runco
License
CA 01977683
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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