California
Millbrae
432 Richmond Drive

$2,800,000

432 Richmond Drive, Millbrae, CA 94030

6,390 sqft

Commercial Property
Built in 1969
6,943sqft lot
—— car garage
$438/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: June 26, 2025 at 05:00AM
Listing Office:: Compass : (415) 874-5000
Listing Agent:: Nate Gustavson : 415-786-9410
MLS ID:: ML82012567

A/C:
Heating: Electric

This listing courtesy of Nate Gustavson, Compass

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Mills High School

400 Murchison Dr, Millbrae, CA, 94030

Grades 9-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.