Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82012567
MLS Source
MLSListings, Inc.
Days on Site
21
Interior Features
Flooring
Carpet, Laminate, Tile
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Electric
Exterior Features
Roof
Flat, Bitumen
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Covered Parking, Garage: 0 Car(s)
Elementary District
Millbrae Elementary
High School District
San Mateo Union High
Sewer
Public Sewer
Water
Public
Zoning
Multifamily Residential
Contact Information
Listing Agent
Nate Gustavson
Compass
License #: 01898316
Phone: (415) 786-9410
Co-Listing Agent
Cameron Foster
License #: 00972394
Phone: (415) 699-6168
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 907 | 2 | 1/0 | $1,950 | $2,150 | 4 |
| 2 | 680 | 1 | 1/0 | $2,125 | $2,175 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
432 Richmond Dr is a Residential Income in Millbrae, CA 94030. This 6,390 square foot property sits on a 6,944 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,800,000 and was built in 1969. This address can also be written as 432 Richmond Dr, Millbrae, CA 94030.
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This listing information is up-to-date as of July 11, 2025. For the most current information, please contact Nate Gustavson, (415) 786-9410
