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Listed by Nate Gustavson • Compass

$2,800,000

Est. payment - /mo

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3 Beds

2 Baths

6,390 SqFt

Open 7/10 11AM-1PM

432 Richmond DR Millbrae, CA 94030

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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,390 sqft

Price per Sqft $438

MLS Listing ID ML82012567

Bedrooms 3

Full Baths 2

Year Built 1969

Lot Size 6,944 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Nate Gustavson & Cameron Foster of Compass Commercial are pleased to present 432 Richmond Drive, 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 Meadow Glen

Zoning Multifamily Residential

Interior

Heating Electric

Cooling Ceiling Fan

Flooring Carpet, Laminate, Tile

Laundry Coin Operated

Exterior

Parking Features Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Bitumen,Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Tax ID 021-432-150

Special Listing Condition Not Applicable

MORTGAGE CALCULATOR

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+1(408) 774-4300

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5450 Thornwood Dr Ste F, San Jose, California, 95123, USA