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432 Richmond Drive Millbrae, CA $ 2,688,000
432 Richmond Drive
$ 2,688,000
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432 Richmond Drive

Millbrae, CA, 94030
$ 2,688,000
Bedrooms-- Baths-- Sq 6,390

Monthly Estimate*

$ 16,770

Listed by Compass
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Commercial Property for sale in Millbrae, CA

for $2,688,000. This 6,390 square foot building was built in 1969 on a lot size of 0.1594.

432 Richmond Drive is a well-maintained 6-unit multifamily investment opportunity located in the heart of Millbrae. This rare offering features a desirable unit mix of four (4) spacious 2-Bed/1-Bath units and two (2) 1-Bed/1-Bath units, with a gross building area of approximately 6,390 square feet on a 6,944 square foot lot. The property benefits from a BRAND NEW ROOF installed in 2025, separate electric meters, carport parking with storage, and on-site laundry with two (2) coin-operated washers & dryers. The seller has already contracted and scheduled with a local plumbing company to have the Sewer Lateral Line Replaced and compliant. Centrally located just blocks from Millbraes vibrant downtown, tenants enjoy close proximity to Safeway, Trader Joes, BART/Caltrain, top-rated San Mateo County schools like Mills and Capuchino High, and an array of shops and restaurants along Broadway. With easy access to SFO, Highway 101, and I-280, this asset offers both strong commuter appeal and long-term value. This is an ideal opportunity for investors seeking a stabilized asset in one of the Peninsulas most sought-after rental markets.

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Commercial Active

Price

$ 2,688,000

Property Type

Commercial

Taxes

$ 29,439

Style

Lot Size

0.1594

Year Built

1969

Town/City

Millbrae

County/Region

San Mateo

MLS | Web ID

ML82012567

Days on Market

175

Features
General
Heating Electric
Roof Bitumen Flat
Zoning Multifamily Residential
HOA Fee 0
Year Built 1969
County San Mateo
Insurance Expense 4266
Property Type Commercial Sale
MaintenanceExpense 4800
Special Listing Conditions Standard
Status Active
High School Mills
City Millbrae
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 6944
Carport Spaces 3
Carport Y/N 1
Elementary School Other
Tax Annual Amount 29439
Middle/Junior High School Other
Trash Expense 6720
Standard Status Active
Year Built Source Assessor
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Total Baths 0
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 6944
Number of Buildings 1
Building Area Total 6390
Lot Size Acres 0.1594
Lot Size Source Assessor
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* Excluded Features
List By
Compass

Broker

nate@gustavsongroup.com

Email

Affordability Calculator

$19,223
Per Month
87%
13%
0%
Monthly Principal & Interest
$16,770
Monthly Property Taxes
$2,453
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Mills High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,688,000 Listed Price

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432 Richmond Drive, Millbrae, CA, 94030 is a Commercial Property for sale at $2,688,000 with 6,390 sqft and a lot size of 0.1594. 432 Richmond Drive was built in 1969. The property's zip code is 94030 which is in Millbrae, CA