Two-Unit Duplex with
For Sale
$950,000
991 Mills AVE, San Bruno, CA 94066
Income-producing duplex featuring an updated upper residence, separate studio, shared laundry, and outdoor space.
Property Size1,052 SF
Days on Market60
Property Features for 991 Mills AVE
General Information
Standard status
Active
Size
1,052 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x studio/1BA
Multifamily Units
2
Amenities
shared laundry
backyard
Building Details
Building Size
1,052 SF
Year Built
1926
Buildings
1
Listing Agency:
KW Advisors
Listed By:
Wilson Leung · License #01904259
(650) 888-0153
Source:
Johnpaye
Added: Aug 9
Changed: Oct 2
Last Checked: Oct 6 at 12:43AM
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 KW Advisors
Investment Insights
Based on property information with market context.
Built in 1926, this R200-zoned duplex includes a 2BD/1BA upper residence and a lower studio with one bathroom. The upper unit features an eat-in kitchen with granite countertops, stainless steel appliances, and extensive cabinetry, along with hardwood flooring, recessed lighting, a Jack & Jill bathroom arrangement, and a private balcony. The lower studio provides a separate living configuration, while shared laundry serves the property.
The property is located at 991 Mills Avenue in San Bruno, with access to Highway 101 and proximity to Tanforan Shopping Center, Target, Lucky Supermarket, and the San Bruno BART station. A generously sized backyard adds outdoor space, and the duplex offers a combination of distinct residential layouts within one property.
The property is located at 991 Mills Avenue in San Bruno, with access to Highway 101 and proximity to Tanforan Shopping Center, Target, Lucky Supermarket, and the San Bruno BART station. A generously sized backyard adds outdoor space, and the duplex offers a combination of distinct residential layouts within one property.
Key Highlights
- 2BD/1BA upper unit plus a lower studio with 1 bathroom
- Upper residence includes granite countertops and stainless steel appliances
- Private balcony, hardwood floors, recessed lighting, and Jack & Jill bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,571
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,420
$611.4K
Cap Rate 7%
$436,729
$436.7K
Cap Rate 9%
$339,678
$339.7K
Market Conditions
NOI Build-Up for 1,052 SF
Gross rent
$46.7K $44.40/SF
− Vacancy
−$3.0K −$2.89/SF
EGI
$43.7K $41.51/SF
− OpEx
−$13.1K −$12.45/SF
NOI
$30.6K $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%
$611,420
Cap Rate 7%
$436,729
Cap Rate 9%
$339,678
Alternative Uses
Best Use
Multifamily LT 5
$436.7K
$382.1K – $509.5K
NOI $30,571 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,632 @ 7.0% cap · market cap 3.01%
Theoretical Best
Warehouse
$835.6K
$731.2K – $974.9K
NOI $58,493 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 94066, CA
44,147
Population
16,736
Households
2.6
Avg Household Size
40
Median Age
44%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
7,237
Density / Sq Mi
$135,976
Median Household Income
$66,057
Median Earnings
$2,696
Median Rent
$1,199,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex featuring an updated upper residence, separate studio, shared laundry, and outdoor space.
Where is this duplex located?
The property is located at 991 Mills AVE San Bruno, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2BD/1BA upper unit plus a lower studio with 1 bathroom; Upper residence includes granite countertops and stainless steel appliances; Private balcony, hardwood floors, recessed lighting, and Jack & Jill bathroom
