4-Unit Multifamily
New
For Sale
$1,995,000
221 Paramount DR, Millbrae, CA 94030
The building contains one-bedroom, one-bathroom residences, with one currently unoccupied.
Property Size2,740 SF
Days on Market7
Property Features for 221 Paramount DR
General Information
Standard status
Active
Size
2,740 SF
Property subtype
Fourplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,000
Building Details
Building Size
2,740 SF
Year Built
1948
Listing Agency:
SC Properties
Listed By:
Rachid Atie · License #02095614
(650) 868-0202
Source:
Johnpaye
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 3 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SC Properties
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Investment Insights
Based on property information with market context.
Built in 1948, this Millbrae multifamily property contains four one-bedroom, one-bathroom residences. One unit is vacant, and the roof has been replaced recently; the exterior is also described as well kept.
The property is near Downtown Millbrae, BART, Caltrain, SFO, and major highways.
The property is near Downtown Millbrae, BART, Caltrain, SFO, and major highways.
Key Highlights
- Four residential units, each with one bedroom and one bathroom
- One unit is currently vacant
- Roof was recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,624
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,592,480
$1.6M
Cap Rate 7%
$1,137,486
$1.1M
Cap Rate 9%
$884,711
$884.7K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$121.7K $44.40/SF
− Vacancy
−$7.9K −$2.89/SF
EGI
$113.7K $41.51/SF
− OpEx
−$34.1K −$12.45/SF
NOI
$79.6K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,592,480
Cap Rate 7%
$1,137,486
Cap Rate 9%
$884,711
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$995.3K – $1.33M
NOI $79,624 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$1.07M
$932.2K – $1.24M
NOI $74,575 @ 7.0% cap · market cap 3.74%
Theoretical Best
Warehouse
$2.18M
$1.90M – $2.54M
NOI $152,349 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 94030, CA
23,212
Population
8,566
Households
2.7
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
6,827
Density / Sq Mi
$157,567
Median Household Income
$74,128
Median Earnings
$3,401
Median Rent
$1,929,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The building contains one-bedroom, one-bathroom residences, with one currently unoccupied.
Where is this quadplex located?
The property is located at 221 Paramount DR Millbrae, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Four residential units, each with one bedroom and one bathroom; One unit is currently vacant; Roof was recently replaced
