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Millbrae, CA Apartment Buildings for Sale

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Millbrae Value-Add Development Opportunity
Updated: Apr 14
Millbrae Value-Add Development Opportunity

105 Chadbourne Avenue, Millbrae, CA 94030

$6,500,000
7,932 sqft 0.28 AC lot
Prime location in Millbrae, a highly desirable and supply‑constrained Bay Area market.
Value‑add and development opportunity with two contiguous parcels totaling ±12,000 SF.
Includes an 8‑unit apartment building and an adjacent single‑family home (9 units total, 100% occupied).
Potential to capitalize on California's pro‑housing legislation.
Stable cash flow with substantial long‑term appreciation potential.
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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Millbrae, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Remodeled Multi-Unit Investment Property
Remodeled Multi-Unit Investment Property

739 Amphlett Boulevard, San Mateo, CA 94401

$2,850,000
4,586 sqft

Six remodeled units near Highway 101, downtown, and Caltrain.

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Knights Inn Apartment Building
Knights Inn Apartment Building

100106 Bayshore Boulevard, San Mateo, CA 94401

$9,450,000
24,592 sqft

38-unit apartment property with studio and 1-bedroom units, secured pool, and on-site laundry.

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Downtown Apartment Building Opportunity
Downtown Apartment Building Opportunity

121 Lorton Avenue, Burlingame, CA 94010

$4,750,000
7,296 sqft

Multi-unit downtown apartment building with a strong mix of 1BR and 2BR units and in-place elevator access.

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Commercial
Commercial

1775 Marco Polo Way, Burlingame, CA 94010

$16,498,000
23,075 sqft 0.90 AC lot

Apartment buildings · 23,075 SF

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Commercial Land Opportunity
Prime Commercial Land Opportunity

31426 The Old Road N, Castaic, CA 91384

$2,250,000
2.05 AC lot

2+ acres of commercially zoned land with freeway exposure.

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Lancaster Corner Lot Investment Opportunity
Lancaster Corner Lot Investment Opportunity

Newgrove Street, Lancaster, CA 93534

$350,000
0.17 AC lot

0.17-acre corner lot in Lancaster with development potential.

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Development Opportunity with DTLA Views
Development Opportunity with DTLA Views

700 Lookout Dr, Los Angeles, CA 90012

$799,000
0.22 AC lot

Land with potential for up to 23 units.

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Pahrump Land Investment Opportunity
Pahrump Land Investment Opportunity

2001 Casino Street, Pahrump, NV 89048

Contact for pricing
0.31 AC lot

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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Off-Market Properties in Millbrae, CA

Consider similar Off-Market properties in Millbrae, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

15 Broadway
APARTMENT HOUSE (5+ UNITS)

15 Broadway, Millbrae, CA 94030-3050

$1,570,000
Estimated value
6,684 sqft 0.19 AC lot
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424 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

424 Richmond Dr, Millbrae, CA 94030-1637

$4,985,000
Estimated value
11,820 sqft 0.28 AC lot
View details
50 Broadway
APARTMENT HOUSE (5+ UNITS)

50 Broadway, Millbrae, CA 94030-2552

Value Estimation by Request
5,766 sqft 0.14 AC lot
View details
1019 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

1019 Magnolia Ave, Millbrae, CA 94030-1902

$710,000
Estimated value
11,231 sqft 0.28 AC lot
View details
491 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

491 Richmond Dr, Millbrae, CA 94030-1640

$610,000
Estimated value
8,684 sqft 0.20 AC lot
View details
481 Lincoln Cir
APARTMENT HOUSE (5+ UNITS)

481 Lincoln Cir, Millbrae, CA 94030-1762

$3,100,000
Estimated value
10,371 sqft 0.16 AC lot
View details
25 Broadway
APARTMENT HOUSE (5+ UNITS)

25 Broadway, Millbrae, CA 94030-3051

Value Estimation by Request
7,377 sqft 0.19 AC lot
View details
440 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

440 Richmond Dr, Millbrae, CA 94030-1644

$3,020,000
Estimated value
6,831 sqft 0.15 AC lot
View details
116 Chadbourne Ave
APARTMENT HOUSE (5+ UNITS)

116 Chadbourne Ave, Millbrae, CA 94030-2555

$1,010,000
Estimated value
5,864 sqft 0.13 AC lot
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508 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

508 Richmond Dr, Millbrae, CA 94030-1659

$565,000
Estimated value
6,132 sqft 0.11 AC lot
View details
300 Millbrae Ave
APARTMENT HOUSE (5+ UNITS)

300 Millbrae Ave, Millbrae, CA 94030

$820,000
Estimated value
2.57 AC lot
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483 Lincoln Cir
APARTMENT HOUSE (5+ UNITS)

483 Lincoln Cir, Millbrae, CA 94030-1763

$3,530,000
Estimated value
8,268 sqft 0.16 AC lot
View details
394 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

394 Richmond Dr, Millbrae, CA 94030-1749

$3,405,000
Estimated value
14,030 sqft 0.29 AC lot
View details
1007 Hemlock Ave
APARTMENT HOUSE (5+ UNITS)

1007 Hemlock Ave, Millbrae, CA 94030-2053

$5,240,000
Estimated value
12,276 sqft 0.26 AC lot
View details
970 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

970 Magnolia Ave, Millbrae, CA 94030-1946

$6,025,000
Estimated value
11,816 sqft 0.36 AC lot
View details
141 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

141 Magnolia Ave, Millbrae, CA 94030-3048

$2,920,000
Estimated value
6,710 sqft 0.14 AC lot
View details
464 Lincoln Cir
APARTMENT HOUSE (5+ UNITS)

464 Lincoln Cir, Millbrae, CA 94030-1755

Value Estimation by Request
8,110 sqft 0.17 AC lot
View details
506 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

506 Richmond Dr, Millbrae, CA 94030-1649

$560,000
Estimated value
6,806 sqft 0.14 AC lot
View details
35 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

35 Magnolia Ave, Millbrae, CA 94030-3039

$1,035,000
Estimated value
18,357 sqft 0.32 AC lot
View details
422 Lincoln Cir
APARTMENT HOUSE (5+ UNITS)

422 Lincoln Cir, Millbrae, CA 94030-1759

$640,000
Estimated value
8,140 sqft 0.17 AC lot
View details
362 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

362 Richmond Dr, Millbrae, CA 94030-1779

$1,280,000
Estimated value
14,030 sqft 0.28 AC lot
View details
131 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

131 Magnolia Ave, Millbrae, CA 94030-3047

$1,670,000
Estimated value
6,710 sqft 0.14 AC lot
View details
4 Berni Ct
APARTMENT HOUSE (5+ UNITS)

4 Berni Ct, Millbrae, CA 94030-1437

$3,605,000
Estimated value
14,832 sqft 0.33 AC lot
View details

Millbrae, CA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Millbrae, CA on our real estate platform. These investment opportunities span a total of 7,932 square feet of properties for sale, with an estimated market value of $6,500,000.

Sale prices for two-family homes in Millbrae, CA start at $6,500,000, averaging $6,500,000, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 23K
Population Growth (5Y) -0.5%
Median Household Income $157,567
College Educated 71.5%

High-Yield Neighborhoods for Investment

Identify Millbrae submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
94030 $6.5M

Taxes & Financing

Tax Rate (average for all types) 1.41%
Property Tax per SF $7.25 per SF
Tax Rate vs County Average 0.24 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in San Mateo County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in San Mateo County

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Residential Income

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