840 El Camino Real, Millbrae, CA 94030
- $2,238,888
- 4,410
- SqFt
Listed by Edward Tseng, 408-887-4128 from Keller Williams Thrive
(If provided) CoList: Mark Zhang from Keller Williams Thrive
- List Price
- $2,238,888
- Price Change
- ▼ $50,000 1784929155
- MLS#
- ML82049968
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- Sqft. of Residence
- 4,410
- City
- Millbrae
- Lot Size
- 5,244
- Zip
- 94030
- Sqft. of Residence
- 4,410
- Listing Area
- Marino Vista Park
- Neighborhood
- Other
- Year Built
- 1952
Property Description
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.
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Additional Information
- Cooling System
- None
- Foundation
- Crawl Space
- Garage Parking
- Carport, On Street, Private / Exclusive
- Carport
- 4
- Heating System
- Wall Furnace
- Living Area
- 4,410
- Lot Size
- 5,244
- Neighborhood
- Marino Vista Park
- Other Utilities
- Public Utilities
- Roof
- Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Water
- Public
- Zoning
- unknown
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