Bought with Matthew Rogers Rogers & Associates
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Key Details
Sold Price $2,405,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,390 sqft
Price per Sqft $376
MLS Listing ID ML82032151
Sold Date 04/10/26
HOA Y/N No
Year Built 1969
Lot Size 6,944 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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.
Location
State CA
County San Mateo
Interior
Heating Electric
Cooling Ceiling Fan(s)
Fireplace No
Appliance Refrigerator
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