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Sold for $2,405,000
  • $2,405,000

    Richmond Dr, Millbrae, CA 94030

    3beds
    2baths
    6,390sqft
    Five Or More Units, Residential Income
    Built in 1969
    -- sqft lot
    $2,419,600 Zestimate®
    $376/sqft
    $3,917 Estimated rent

    Home value

    $2,419,600

    $2.20M - $2.66M

    $3,917/mo

    Zestimate® history
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    $3,917/mo

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    $15,237/mo

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    What's special

    Carport parking with storage
    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, updated Sewer Lateral Line, separate electric meters, carport parking with storage, and on-site laundry with two (2) coin-operated washers & dryers. 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. Some of the photos in this listing have been digitally altered.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nate Gustavson 01898316 415-786-9410,

    Compass 415-874-5000,

    Cameron Foster 00972394 415-699-6168

    Bought with:

    Matthew Rogers, 01824110

    Rogers & Associates

    Source: MLSListings Inc,MLS#: ML82032151MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Electric
    Cooling
    • Ceiling Fan(s)
    Features
    • Doors: None
    Interior area
    • Total structure area: 6,390
    • Total interior livable area: 6,390 sqft

    Property

    Parking
    • Parking features: Covered
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 6,944 sqft
    Details
    • Parcel number: 021432150
    • Zoning: Multifamily
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter and Slab
    • Roof: Flat, Bitumen
    Condition
    • Year built: 1969

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Millbrae

    Other

    Other facts
    • Listing agreement: ExclusiveAgency

    Price history

    DateEventPrice
    4/10/2026Sold$2,405,000-10.5%$376/sqft
    Source: MLSListings Inc #ML82032151 Report a problem
    2/27/2026Pending sale$2,688,000$421/sqft
    Source: MLSListings Inc #ML82032151 Report a problem
    2/20/2026Contingent$2,688,000$421/sqft
    Source: MLSListings Inc #ML82032151 Report a problem
    2/2/2026Listed for sale$2,688,000$421/sqft
    Source: MLSListings Inc #ML82032151 Report a problem
    1/28/2026Contingent$2,688,000$421/sqft
    Source: MLSListings Inc #ML82032151 Report a problem
    1/22/2026Listed for sale$2,688,000$421/sqft
    Source: MLSListings Inc #ML82032151 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 94030

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: MillbraeElementary

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,419,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,419,600