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In-PersonVirtual Tour
$ 2,800,000
Est. payment | /mo
6,943 Sqft Lot
$ 2,800,000
Est. payment | /mo
6,943 Sqft Lot
OPEN HOUSE
Thu Jul 10, 11:00am - 1:00pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82012567
HOA Y/N No
Year Built 1969
Annual Tax Amount $30,666
Lot Size 6,943 Sqft
Property Description
432 Richmond Drive is a well-maintained 6-unit multifamily investment opportunity located in the heart of Millbrae. This rare offering features a desirable unit mix of four (4) spacious 2-Bed/1-Bath units and two (2) 1-Bed/1-Bath units, with a gross building area of approximately 6,390 square feet on a 6,944 square foot lot. The property benefits from a BRAND NEW ROOF installed in 2025, separate gas & electric meters, carport parking with storage, and on-site laundry with two (2) coin-operated washers & dryers. The seller has already contracted and scheduled with a local plumbing company to have the Sewer Lateral Line Replaced and compliant. Centrally located just blocks from Millbraes vibrant downtown, tenants enjoy close proximity to Safeway, Trader Joes, BART/Caltrain, top-rated San Mateo County schools like Mills and Capuchino High, and an array of shops and restaurants along Broadway. With easy access to SFO, Highway 101, and I-280, this asset offers both strong commuter appeal and long-term value. This is an ideal opportunity for investors seeking a stabilized asset in one of the Peninsulas most sought-after rental markets.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Multifamily Residential
Interior
Heating Electric
Fireplace No
Exterior
Carport Spaces 3
Roof Type Bitumen,Flat
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Mills
School District Other
Others
Tax ID 021432150
Special Listing Condition Standard
Listed by Nate Gustavson Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States