Two-Unit Duplex with
For Sale
$1,488,000
332 San Jose AVE, Millbrae, CA 94030
Tenant-occupied duplex with matching floor plans, private outdoor space, and attached garages.
Property Size2,182 SF
Days on Market104
Property Features for 332 San Jose AVE
General Information
Standard status
Active
Size
2,182 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$19,954
Building Details
Building Size
2,182 SF
Year Built
1955
Buildings
1
Listing Agency:
Intero Real Estate Services
(408) 921-7336
Listed By:
Betty Leung · License #01457867
(408) 921-7336
Source:
Johnpaye
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 4 at 3:22AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1955, this duplex contains two matching residences, each configured with 2 bedrooms and 1 bathroom. Both units include an attached one-car garage with laundry appliances, a private backyard, openable skylights, a dishwasher, a garbage disposal, and newer appliances. The property is currently occupied by tenants on month-to-month leases.
The duplex includes addresses at 332 San Jose Ave and 333 Pine Street in Millbrae. Downtown Millbrae, the Millbrae Library, recreation center, community garden, farmers markets, specialty grocers, cafes, bakeries, and restaurants are described as within walking distance or nearby. Caltrain, BART, major freeways, and SFO are also located minutes away.
The duplex includes addresses at 332 San Jose Ave and 333 Pine Street in Millbrae. Downtown Millbrae, the Millbrae Library, recreation center, community garden, farmers markets, specialty grocers, cafes, bakeries, and restaurants are described as within walking distance or nearby. Caltrain, BART, major freeways, and SFO are also located minutes away.
Key Highlights
- Two matching 2‑bedroom, 1‑bathroom units
- Each unit has an attached one‑car garage, washer and dryer, and private backyard
- Tenant‑occupied with stable tenants on month‑to‑month leases
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 | $96.9k | $44.40 |
| − Vacancy | −$6.3k | −$2.89 |
| EGI | $90.6k | $41.51 |
| − OpEx | −$27.2k | −$12.45 |
| NOI | $63.4k | $29.06 |
2,182 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$905.8K
$792.6K – $1.06M
NOI $63,408 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$848.4K
$742.4K – $989.8K
NOI $59,388 @ 7.0% cap · market cap 3.99%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,323 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,112
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with matching floor plans, private outdoor space, and attached garages.
Where is this duplex located?
The property is located at 332 San Jose AVE Millbrae, CA.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Two matching 2‑bedroom, 1‑bathroom units; Each unit has an attached one‑car garage, washer and dryer, and private backyard; Tenant‑occupied with stable tenants on month‑to‑month leases
