840 El Camino Real, Millbrae, CA 94030
840 El Camino Real, Millbrae, CA 94030
840 El Camino Real, Millbrae, CA 94030
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Jim Amen

Jim Amen

+1(916) 718-8604
$2,288,888
Est. payment /mo
5,244 Sqft Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82049968

HOA Y/N No

Year Built 1952

Annual Tax Amount $35,400

Lot Size 5,244 Sqft

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.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning unknown

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 4

Roof Type Shingle

Building

Water Public

Schools

School District Other

Others

Tax ID 021311170

Special Listing Condition Standard

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Listed by Edward Tseng Keller Williams Thrive #02013904

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Jim Amen

Jim Amen

+1(916) 718-8604

Broker | CA DRE#01841461

Broker CA DRE#01841461

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