- $2.7M Price
- .16 Acres
- 151 DOM
432 Richmond Drive
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 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.
Essential Information
- MLS® #ML82012567
- Price$2,688,000
- Bathrooms0.00
- Acres0.16
- Year Built1969
- TypeCommercial Sale
- StatusActive
Community Information
- Address432 Richmond Drive
- Area699 - Not Defined
- CityMillbrae
- CountySan Mateo
- Zip Code94030
Interior
- HeatingElectric
Exterior
- RoofBitumen, Flat
School Information
- DistrictOther
- ElementaryOther
- MiddleOther
- HighMills
Additional Information
- Date ListedJune 26th, 2025
- Days on Market151
- ZoningMultifamily Residential
Listing Details
- AgentNate Gustavson
- OfficeCompass
Price Change History for 432 Richmond Drive, Millbrae, (MLS® #ML82012567)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,800,000 to $2,688,000 |
Nate Gustavson, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of November 24th, 2025 at 1:30am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.