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    Richmond Dr Millbrae, CA 94030

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    For Sale
    $2,688,000

    Well-maintained 6-unit apartment building near downtown Millbrae.

    Property size:
    6,390 SF
    Lot size:
    0.16 Acres

    Property Features for Richmond Dr

    General Information

    Standard status
    Active
    Size
    6,390 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1969

    Source: COMPASS Agent NATE GUSTAVSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Millbrae Multifamily Investment Opportunity

    The property at Richmond Drive is a 6-unit multifamily building located in Millbrae. The building has a gross area of approximately 6,390 square feet and is situated on a 6,944 square foot lot. The unit mix includes four 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The property features separate electric meters, carport parking with storage, and on-site laundry facilities with two coin-operated washers and dryers. A new roof was installed in 2025. The seller has contracted for the Sewer Lateral Line to be replaced and made compliant. The property is located blocks from downtown Millbrae, providing tenants with convenient access to Safeway, Trader Joe's, BART/Caltrain, and various shops and restaurants along Broadway. It is also near top-rated San Mateo County schools, including Mills and Capuchino High. The location offers easy access to SFO, Highway 101, and I-280.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Millbrae
    County
    San Mateo
    State
    California
    Longitude
    -122.398499
    Latitude
    37.603161

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit apartment building near downtown Millbrae.
    Where is this apartment building located?
    The property is located at Richmond Dr Millbrae, CA.
    What is the asking price?
    The asking price for this property is $2,688,000.
    What are key features of this property?
    This property features: - Prime Location: Blocks from Millbrae's vibrant downtown, BART/Caltrain, Safeway, Trader Joes, top-rated schools, and diverse shops/restaurants.; - Benefit from a BRAND NEW ROOF installed in 2025.; - Seller has contracted for Sewer Lateral Line Replacement.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Richmond Dr Millbrae, CA 94030
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