432 Richmond DR, Millbrae, CA 94030

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Listing courtesy of Nate Gustavson from Compass. 415-786-9410

Selling Office: ELI.

Sold Price
$2,405,000
List Price
$2,688,000
Status
SOLD
Closing Date
Apr 10, 2026
MLS#
ML82032151
Subtype
com
Year Built
1969
Living Area
6,390
Lot Size
6,944
Neighborhood
Meadow Glen

Property Description

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, updated Sewer Lateral Line, separate electric meters, carport parking with storage, and on-site laundry with two (2) coin-operated washers & dryers. 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. Some of the photos in this listing have been digitally altered.

Additional Information

Zoning
Multifamily
Roof
Bitumen, Flat / Low Pitch
Foundation
Concrete Perimeter and Slab

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