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Off market
  • Tax assessed value
    $4,977,064

    498 Lincoln Cir, Millbrae, CA 94030

    --beds
    0baths
    10,010sqft
    MultiFamily
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $497/sqft
    $3,486 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,486/mo

    Zestimate® history
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    What's special

    Silicon valley

    Prime 9 Unit Residential Apartment Building in Downtown Millbrae, CA. Features larger than average 2 and 3 bedroom units, providing a desirable unit mix for today's work from home (WFH) environment. Property has a stable tenant base with low turnover and a track record of consistent rental revenue and income. Most units are presently rented at below the market average rent providing upside potential. Property is rated as Very Walkable (Walk Score 72/100). Nearby are Trader Joes, Walgreens, Safeway, Starbucks, Gyms, restaurants, small shops, cafes, Millbrae Library, and Central Park with Community Gardens, Tennis Courts, sports fields, Rec Center, & Playgrounds. Centrally located on the Peninsula with access to 101, 280, 380, & Millbrae BART and CalTrain Stations, providing transit to San Francisco, Silicon Valley, Stanford, San Jose, & major employers including San Francisco Airport (SFO), Oracle, Electronic Arts, Genentech, GiLead Sciences, Visa, Youtube, Facebook.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Wall, Electric, Gas
    Cooling
    • None
    Interior area
    • Total interior livable area: 10,010 sqft

    Property

    Parking
    • Parking features: Carport, On-street
    Lot
    • Size: 8,999 sqft
    Details
    • Parcel number: 021434100

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1969

    Utilities & green energy

    • Utilities for property: Individual Electric Meters, Individual Gas Meters

    Community & neighborhood

    Location
    • Region: Millbrae

    Other

    Other facts
    • Listing Class: Commercial Multi-Residential (5+ units)
    • Foundation: Concrete Slab
    • Heating: Wall Furnace
    • Listing Status: Active
    • Listing Type: Exclusive Right to Sell
    • Lot Size Area Maximum Units: Square Feet
    • Lot Size Area Minimum Units: Square Feet
    • Meters: Separate Electric, Separate Gas, Master Water
    • Structure SqFt Source: Assessor
    • Subclass: Five or More Units
    • Water: Public
    • Garage Parking Features: Carport, Common Parking Area, On Street
    • Utilities: Individual Electric Meters, Individual Gas Meters
    • Sewer Septic: Sewer - Public
    • Additional Listing Info: Not Applicable
    • Roof: Flat / Low Pitch

    Price history

    DateEventPrice
    12/21/2021Sold$4,690,000-5.8%$469/sqft
    Source: Public Record Report a problem
    10/1/2021Price change$4,980,000-4.2%$498/sqft
    Source: MLSListings Inc #ML81832501 Report a problem
    9/2/2021Price change$5,199,000-5.8%$519/sqft
    Source: MLSListings Inc #ML81832501 Report a problem
    8/25/2021Listed for sale$5,520,000$551/sqft
    Source: MLSListings Inc #ML81832501 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$69,565 +1.3%$4,977,064 +2%
    2024$68,695 +1.6%$4,879,476 +2%
    2023$67,593 +26.8%$4,783,800 +2%
    2022$53,314 +401.2%$4,690,000 +455.8%
    2021$10,638 +1.5%$843,873 +1%
    2020$10,480 +2.2%$835,221 +2%
    2019$10,254 +1.8%$818,845 +2%
    2018$10,072 +2.3%$802,790 +2%
    2017$9,841 +1.2%$787,050 +2%
    2016$9,724 +2.7%$771,619 +1.5%
    2015$9,464 $760,030 +2%
    2014$9,464 $745,143 +0.5%
    2013-- $741,776 +2%
    2012-- $727,232
    2011-- $727,232 +2.8%
    2010-- $707,647 -0.2%
    2009-- $709,329 +2%
    2008-- $695,421 +2%
    2007-- $681,786 +2%
    2006-- $668,418
    2005-- $668,418 +4%
    2004-- $642,464 +1.9%
    2003-- $630,690 +2%
    2002-- $618,325 +2%
    2001-- $606,202 +2%
    2000-- $594,317

    Find assessor info on the county website

    Neighborhood: 94030

    Nearby schools

    GreatSchools rating