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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 gas & 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.
| LAST UPDATED | 6/26/2025 | YEAR BUILT | 1969 |
|---|---|---|---|
| COUNTY | San Mateo | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Green Hills Elementary |
|---|---|
| Jr. High School | Taylor Middle |
| High School | Mills High |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Electric |
| LOT | 6943 sq ft |
| LOT DIMENSIONS | 6944.00 |
| PARKING | Covered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| TAXES | 30666 |
| WATER | Public |
| ZONING | Multifamily Residential |
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 6/30/25 1:25 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2025 MLSListings Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
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