1621 El Camino Real
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1621 El Camino Real
3,885 SF 100% Leased Retail Building Millbrae, CA 94030 $2,098,000 ($540/SF) 3.06% Cap Rate
Investment Highlights
- Prime Millbrae Investment Opportunity - 1621 El Camino Real is situated on a major thoroughfare in the heart of the San Mateo County peninsula.
- 1621 El Camino Real boasts close proximity to countless high-end shopping, dining, and entertainment options as well as notable attractions.
- The subject property is ideal for ownerusers, offering the potential for personal use with the benefit of additional rental income.
- Convenient Access to Major Transportation Corridors - The subject property provides tenants with convenient access to major transportation corridors.
Executive Summary
1621 El Camino Real presents a rare opportunity for investors to acquire a stunning mixed-use asset located in the vibrant city of Millbrae, California.
Situated on a 3,305 square foot parcel of land, 1621 El Camino Real features approximately 3,885 square feet of interior space between the two stories. The first floor features two retail suites, each with approximately 1,280 square feet of net rentable area, while the second floor features a two-bedroom residential unit with an office nook consisting approximately 1,325 square feet of interior space. 1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose.
1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose. The subject property is located on the busy thoroughfare of El Camino Real among countless other high-end shopping, dining, and entertainment options. Several notable nearby attractions include Central Park, the Millbrae History Museum, and San Andreas Lake. The subject property also offers tenants convenient access to transportation corridors including US Highway 101, State Route 82, Interstate 280, the Millbrae Caltrain station, and San Francisco International Airport.
The investment appeal of this asset is driven by Millbrae's low vacancy factors. With a world-class location in the heart of the San Francisco Bay Area, 1621 El Camino Real presents an attractive choice for investors due to its proximity to major transportation corridors and employers.
Situated on a 3,305 square foot parcel of land, 1621 El Camino Real features approximately 3,885 square feet of interior space between the two stories. The first floor features two retail suites, each with approximately 1,280 square feet of net rentable area, while the second floor features a two-bedroom residential unit with an office nook consisting approximately 1,325 square feet of interior space. 1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose.
1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose. The subject property is located on the busy thoroughfare of El Camino Real among countless other high-end shopping, dining, and entertainment options. Several notable nearby attractions include Central Park, the Millbrae History Museum, and San Andreas Lake. The subject property also offers tenants convenient access to transportation corridors including US Highway 101, State Route 82, Interstate 280, the Millbrae Caltrain station, and San Francisco International Airport.
The investment appeal of this asset is driven by Millbrae's low vacancy factors. With a world-class location in the heart of the San Francisco Bay Area, 1621 El Camino Real presents an attractive choice for investors due to its proximity to major transportation corridors and employers.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,885 SF
Building Class
C
Year Built
1946
Price
$2,098,000
Price Per SF
$540
Cap Rate
3.06%
NOI
$64,199
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.18
Land Acres
0.08 AC
Zoning
CL00C1
Frontage
54 FT on El Camino Real
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 021-131-070 | Total Assessment | $984,000 |
Land Assessment | $583,246 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $400,754 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
021-131-070
Land Assessment
$583,246
Improvements Assessment
$400,754
Total Assessment
$984,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1621 El Camino Real
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