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432 Richmond Dr, Millbrae, CA 94030

List Price: $2,800,000On Market FlagOn market
Jun 26, 20256,390 sqft10 beds0 baths
Listed by: Nate Gustavson
License #: 01898316
Phone #: 415-786-9410
Compass
Source:
CRMLS Logo
MLS #: ML82012567

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, 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$68,352

TurboHome Estimated Value

$3,678,400

$576 sqft

High Valuation
$3,862,320
$604/sqft
Normal Valuation
$3,678,400
$576/sqft
Low Valuation
$3,494,480
$547/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$576/sqft$3,678,400

Neighborhood

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Comparative Value

$2.75M

$2.80M

168 Santa Clara Ave, San Bruno, CA 94066

Sale Price: $2,750,000

Selected Comparable

432 Richmond Dr, Millbrae, CA 94030

List Price: $2,800,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
432 Richmond Dr, Millbrae, CA 94030

432 Richmond Dr, Millbrae, CA 94030

List: $2,800,000

Listed: 6/26/2025

Area:6,390 sqft
Price/sqft:$438
Beds:10
Baths:
Year Built:
Lot Size:6,944

Comparable Properties

COMPARABLE
Choose comps
168 Santa Clara Ave, San Bruno, CA 94066

168 Santa Clara Ave, San Bruno, CA 94066

Sale: $2,750,000

7/23/20240.88 mi

Area:8,866 sqft
Price/sqft:$310
Beds:10
Baths:
Year Built:
Weight:100.0%

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