Home | San Mateo County | Millbrae | 94030 | 840 El Camino Real
840 El Camino Real, Millbrae, CA 94030
MLS: ML82049968 | Status: | Price: $2,288,888
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
4,410 |
5,244 |
1952 |
Rare 6-unit multifamily investment opportunity in the heart of Millbrae. This well-maintained property features six oversized studio units, each approximately 700-750 SF, offering spacious floor plans rarely found in todays rental market. Fully occupied with strong in-place income, the property generates approximately $147,000 in annual gross rental income and nearly $90,000 in annual NOI, providing an attractive current cap rate of approximately 3.9%.
Ideally located along El Camino Real, the property offers convenient access to BART, Caltrain, SFO, Highways 101 and 280, shopping, dining, and major Peninsula employment centers. Tenants pay their own PG&E, helping maintain low operating expenses and stable cash flow. One unit is currently rented below market value, presenting future upside potential through rental optimization.
A desirable investment for multifamily investors and 1031 exchange buyers seeking stable income, long-term appreciation, and value-add potential in one of the Peninsulas most sought-after rental markets. Excellent commuter location with strong rental demand and limited multifamily inventory. Dont miss this rare opportunity to acquire a turnkey income-producing asset in a prime Millbrae location.
| Field |
Value |
| MLS # |
ML82049968 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
4 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Shingle |
| Foundation |
Crawl Space |
| Feature |
Details |
| Garage/Parking |
Carport, On Street, Private / Exclusive, Garage: 0 Car(s) |
| Elementary District |
Millbrae Elementary |
| High School District |
San Mateo Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
unknown |
| Listing Agent |
Co-Listing Agent |
| Edward Tseng |
Mark Zhang |
| Keller Williams Thrive |
|
| License #: 02013904 |
License #: 02013998 |
| Phone: (408) 887-4128 |
Phone: (650) 302-3485 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
6 |
2 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 440 Millbrae Ave |
$2,600,000 |
– |
– |
3,719 |
Active |
| 260 San Marco Ave |
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– |
– |
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|
| 669 Masson Ave |
$2,050,000 |
– |
– |
4,478 |
Active |
| 1120 Chula Vista Ave |
$2,300,000 |
– |
– |
3,922 |
|
Disclosures
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This listing information is up-to-date as of June 09, 2026. For the most current information, please contact Edward Tseng, (408) 887-4128.