432 Richmond DR Open House Save Request In-Person Tour Request Virtual Tour
Millbrae,CA 94030
OPEN HOUSE
Thu Jul 10, 11:00am - 1:00pm
Key Details
Property Type 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
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
Restrictions None
Tax ID 021-432-150
Security Features None
Special Listing Condition Not Applicable