Six-Unit Apartment
840 El Camino Real Millbrae, CA 94030
840 El Camino Real, Millbrae, CA, 94030
$2,288,000
For Sale
$2,288,000
Well-maintained six-unit apartment building offering studio residences with covered parking, private storage, and on-site laundry.
Property Size4,410 SF
Price / SF$518.82
Days on Market139
Property Features for 840 El Camino Real
General Information
- Standard status
- Active
- Size
- 4,410 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1952
Listing agency
(650) 753-7169
Listed by
Kinetic Real Estate
Source
Xome
Added: Mar 5 Updated: Jul 22 at 12:40PM Checked: Jul 22 at 12:40PM
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 Kinetic Real Estate
Investment Insights
Based on property information with market context.
840 El Camino Real is a well-maintained six-unit apartment building featuring studio residences totaling 4,410 square feet. The property includes covered parking, private storage, and on-site laundry to support day-to-day convenience for residents.
The building is located in Millbrae, less than half a mile from the Millbrae transit hub. Access is described as seamless to BART, Caltrain, SFO, and major corridors including Highway 101 and I-280.
The mix of studio layouts and the on-site amenity set are designed to support consistent resident use within a small multifamily configuration.
The building is located in Millbrae, less than half a mile from the Millbrae transit hub. Access is described as seamless to BART, Caltrain, SFO, and major corridors including Highway 101 and I-280.
The mix of studio layouts and the on-site amenity set are designed to support consistent resident use within a small multifamily configuration.
Key Highlights
- Well‑maintained six‑unit apartment building with six studio residences totaling 4,410 sq ft
- Covered parking plus private storage for residents
- On‑site laundry
Local Financial Insights For Apartment 5plus
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 | $230.2k | $52.20 |
| − Vacancy | −$12.0k | −$2.71 |
| EGI | $218.2k | $49.49 |
| − OpEx | −$98.2k | −$22.27 |
| NOI | $120.0k | $27.22 |
4,410 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $120,027 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.50M
$3.07M – $4.09M
NOI $245,204 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained six-unit apartment building offering studio residences with covered parking, private storage, and on-site laundry.
Where is this apartment building located?
The property is located at 840 El Camino Real Millbrae, CA.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: Well‑maintained six‑unit apartment building with six studio residences totaling 4,410 sq ft; Covered parking plus private storage for residents; On‑site laundry
