Millbrae, CA 94030
$2,238,888
Bed
0
Bath
0
Living Space
4,410 SqFt
Year Built
1952
Lot Size
5,244 SqFt
Days
85
Rare 6-unit multifamily investment opportunity in the heart of Millbrae. This well-maintained property features six oversized studio units, each approximately 700-750 SF, offering spacious floor plans rarely found in todays rental market. Fully occupied with strong in-place income, the property generates approximately $147,000 in annual gross rental income and nearly $90,000 in annual NOI, providing an attractive current cap rate of approximately 3.9%. Ideally located along El Camino Real, the property offers convenient access to BART, Caltrain, SFO, Highways 101 and 280, shopping, dining, and major Peninsula employment centers. Tenants pay their own PG&E, helping maintain low operating expenses and stable cash flow. One unit is currently rented below market value, presenting future upside potential through rental optimization. A desirable investment for multifamily investors and 1031 exchange buyers seeking stable income, long-term appreciation, and value-add potential in one of the Peninsulas most sought-after rental markets. Excellent commuter location with strong rental demand and limited multifamily inventory. Dont miss this rare opportunity to acquire a turnkey income-producing asset in a prime Millbrae location.
Listing provided courtesy ofEdward Tseng License 02013904 Keller Williams Thrive, Mark Zhang License 02013998 Keller Williams Thrive
Data provided by MLSListings Inc.
No similar listings found
- Lomita Park Elementary School (Elementary) - GreatSchools rating 5/10 - Taylor Middle School (Middle) - GreatSchools rating 8/10 - Mills High School (High) - GreatSchools rating 10/10 School District: Millbrae Elementary School District, San Mateo Union High School District
Within a 1-2 mile radius of El Camino Real in Millbrae, CA, several parks offer recreational opportunities. Green Hills Park provides a children's play area and grill stands. Bayfront Park offers views of aircraft at SFO. Central Park, Millbrae's largest recreational area, features a playground, playing field, picnic areas, and tennis courts.
The area around El Camino Real in Millbrae is a vibrant community with a mix of residential and commercial properties. It is characterized by its walkability, with many residents noting the presence of sidewalks and ease of walking to grocery stores and restaurants. The neighborhood offers a variety of dining options, including Chinese cuisine at Hu Bei Restaurant and American fare at Peter's Cafe.
This location has a Walk Score of 87 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed but is implied to be high due to its proximity to the Millbrae Station, a major intermodal transit hub. Verified transit options include BART and Caltrain lines, as well as numerous SamTrans bus routes such as the ECR Daly City BART - Palo Alto Transit Ctr and the 292 San Francisco - SFO - Hillsdale Mall.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Lomita Park Elementary School (Elementary) - GreatSchools rating 5/10 - Taylor Middle School (Middle) - GreatSchools rating 8/10 - Mills High School (High) - GreatSchools rating 10/10 School District: Millbrae Elementary School District, San Mateo Union High School District
Within a 1-2 mile radius of El Camino Real in Millbrae, CA, several parks offer recreational opportunities. Green Hills Park provides a children's play area and grill stands. Bayfront Park offers views of aircraft at SFO. Central Park, Millbrae's largest recreational area, features a playground, playing field, picnic areas, and tennis courts.
The area around El Camino Real in Millbrae is a vibrant community with a mix of residential and commercial properties. It is characterized by its walkability, with many residents noting the presence of sidewalks and ease of walking to grocery stores and restaurants. The neighborhood offers a variety of dining options, including Chinese cuisine at Hu Bei Restaurant and American fare at Peter's Cafe.
This location has a Walk Score of 87 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed but is implied to be high due to its proximity to the Millbrae Station, a major intermodal transit hub. Verified transit options include BART and Caltrain lines, as well as numerous SamTrans bus routes such as the ECR Daly City BART - Palo Alto Transit Ctr and the 292 San Francisco - SFO - Hillsdale Mall.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.