440 Millbrae AVE Millbrae, CA 94030
MULTI_FAMILY - MILLBRAE, CA
Property Features for 440 Millbrae AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R20000
- Bedrooms
- 6
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Parking
- 2
- Parking features
- Garage - Attached
- Fireplace
- 1
- Standard status
- Active
- Size
- 3,719 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Forced Air, Central, Fireplace(s), Natural Gas
Building Details
- Year built
- 1961
- Number of units
- 2
- Roof type
- Composition
Listing agent Serena Lei-ng License #02060782 (415) 867-1535
Listing office KW Advisors 1430 Howard Avenue, Burlingame, CA (650) 627-3700
Listing date Jul 2, 2026
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Investment Insights
Based on property information with market context.
The property is tucked away on the west side of the Highland Millbrae neighborhood of Millbrae, California. It is described as being within walking distance to downtown shops and restaurants, with convenient access to BART and Highways 101 and 280.
For owner-occupants, the duplex offers a practical arrangement to live in one unit while renting the other, supported by the fact that both units are already tenant-occupied. For investors, the property’s two identical units and current month-to-month occupancy provide an income-focused structure for flexible tenancy management. Zoning is listed as R20000, and the offering is for sale at 440 Millbrae Ave in Millbrae, CA 94030.
Key Highlights
- Duplex with two identical side‑by‑side units
- Each unit offers 3 bedrooms and 2 full baths, including a private en‑suite primary bedroom
- Both units are occupied by month‑to‑month tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.1k | $44.40 |
| − Vacancy | −$10.7k | −$2.89 |
| EGI | $154.4k | $41.51 |
| − OpEx | −$46.3k | −$12.45 |
| NOI | $108.1k | $29.06 |
