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105 Chadbourne & 75 Broadway 105-107 Chadbourne Ave 9 Unit Apartment Building $6,500,000 ($722,222/Unit) 2.73% Cap Rate Millbrae, CA 94030
Investment Highlights
- 90 Walkscore
- Steady in-place income
- Eligible for SB79 and State Density Bonus
Executive Summary
75 Broadway and 105 Chadbourne Avenue present a compelling value-add and development opportunity in one of the Bay Area’s 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 California’s 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 APN’s 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 Peninsula’s most sought-after and supply constrained markets.
Reach out to Phil or Sam Offering Memorandum.
Seize this rare chance to acquire two contiguous parcels totaling ±12,000 SF of prime land in the heart of Millbrae, one of the Peninsula’s most sought-after and supply constrained markets.
Reach out to Phil or Sam Offering Memorandum.
Property Facts
| Price | $6,500,000 | Building Class | C |
| Price Per Unit | $722,222 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 7,932 SF |
| Cap Rate | 2.73% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $6,500,000 |
| Price Per Unit | $722,222 |
| Sale Type | Investment |
| Cap Rate | 2.73% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,932 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.63/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 3 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 024-332-010 | Improvements Assessment | $1,322,031 |
| Land Assessment | $1,634,512 | Total Assessment | $2,956,543 |
Property Taxes
Parcel Number
024-332-010
Land Assessment
$1,634,512
Improvements Assessment
$1,322,031
Total Assessment
$2,956,543
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105 Chadbourne & 75 Broadway | 105-107 Chadbourne Ave
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