Multifamily
424 Richmond Dr
424 Richmond Dr, Millbrae, CA 94030
Listing Price: $5,200,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 424 Richmond Drive, a 12-unit apartment community in Millbrae, CA. The property consists of a single two-story building that was constructed in 1968, with four units on the ground floor, eight units on the second floor, and 12 tuck-under parking spaces. Units range in size from approximately 625 square feet to 735 square feet, with an average unit size of 700 square feet. Project amenities include 12 covered parking spaces, two laundry rooms, and storage space in the parking area.
The property has been well maintained, and ownership has invested in recent capital improvements. The roof was recently replaced and nearly all windows have been upgraded to dual-pane vinyl windows. Additionally, several units have been completely renovated. New kitchen finishes include shaker-style cabinets, marble or engineered stone counters, tile backsplashes, and new appliances. Bathrooms feature new combination sink/countertops set in mirrored vanities, stone tub/shower surround, tile flooring, and brushed nickel fixtures. Renovated units feature vinyl plank flooring and new carpet throughout.
424 Richmond Dr
Investment Highlights
- Attractive 12-unit multifamily property located off Richmond Drive in Millbrae
- All two-bedroom, one-bathroom units averaging 700 square feet
- Roof was recently replaced and nearly all windows have been replaced
- Less than one-half mile to Trader Joe's, Safeway, Walgreens, and downtown Millbrae
- Project amenities include covered parking and laundry facilities
Exclusively Listed By
Listing Price: $5,200,000
Investment Highlights
- Attractive 12-unit multifamily property located off Richmond Drive in Millbrae
- All two-bedroom, one-bathroom units averaging 700 square feet
- Roof was recently replaced and nearly all windows have been replaced
- Less than one-half mile to Trader Joe's, Safeway, Walgreens, and downtown Millbrae
- Project amenities include covered parking and laundry facilities
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 424 Richmond Drive, a 12-unit apartment community in Millbrae, CA. The property consists of a single two-story building that was constructed in 1968, with four units on the ground floor, eight units on the second floor, and 12 tuck-under parking spaces. Units range in size from approximately 625 square feet to 735 square feet, with an average unit size of 700 square feet. Project amenities include 12 covered parking spaces, two laundry rooms, and storage space in the parking area. The property has been well maintained, and ownership has invested in recent capital improvements. The roof was recently replaced and nearly all windows have been upgraded to dual-pane vinyl windows. Additionally, several units have been completely renovated. New kitchen finishes include shaker-style cabinets, marble or engineered stone counters, tile backsplashes, and new appliances. Bathrooms feature new combination sink/countertops set in mirrored vanities, stone tub/shower surround, tile flooring, and brushed nickel fixtures. Renovated units feature vinyl plank flooring and new carpet throughout.
Exclusively Listed By
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