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Multifamily

840 El Camino Real

840 El Camino Real, Millbrae, CA 94030

Listing Price: $2,650,000

Cap Rate
2.84%
Number of Units
6
Price/Unit
$441,667
Price/Gross SF
$600.91
Gross SF
4,410

Investment Overview

840 El Camino Real is an exceptionally well-located apartment building located in Millbrae, California. The asset was built in 1952 and consists of six units on a 5,250 square foot lot with 4,410 square feet of living space, offering an investor a unit mix of six large studio units. The property provides tenants with individual covered parking spaces and an on-site laundry facility. Conveniently located on El Camino Real, the property is adjacent to Millbrae Square which offers numerous retail and dining options just a few steps away. Millbrae Station for both BART & Caltrain are a half mile away, providing tenants easy access to the entire Bay Area via public transit. Additionally, the property is near the San Francisco International Airport. The subject property provides an investor with a unique opportunity to own an apartment building in an area of the Peninsula that continues to see an incredible upward trend of value. Millbrae's economy is driven by a mix of retail, shopping, restaurants, hotels, and public services. Because of its close proximity to San Francisco International Airport and to the city of San Francisco, many tourists opt to stay in Millbrae because of its advanced transit center that can connect people to all major cities/events in the Bay Area. The current rental values provide short term investors with significant upside potential while long term hold investors will see significant upside due to the area's continued growth and future developments.

Investment Highlights

  • Rare Investment Opportunity In Millbrae
  • Incredible Location Walking Distance To Numerous Retail & Dining Options
  • Well-Maintained w/Sufficient Parking & On-site Laundry
  • Easy Access to Highway 280, 101 & El Camino Real
  • Surrounded By Outstanding Millbrae Schools

Exclusively Listed By

Listing Price: $2,650,000

Cap Rate
2.84%
Number of Units
6
Price/Unit
$441,667
Price/Gross SF
$600.91
Gross SF
4,410

Investment Highlights

  • Rare Investment Opportunity In Millbrae
  • Incredible Location Walking Distance To Numerous Retail & Dining Options
  • Well-Maintained w/Sufficient Parking & On-site Laundry
  • Easy Access to Highway 280, 101 & El Camino Real
  • Surrounded By Outstanding Millbrae Schools

Investment Overview

840 El Camino Real is an exceptionally well-located apartment building located in Millbrae, California. The asset was built in 1952 and consists of six units on a 5,250 square foot lot with 4,410 square feet of living space, offering an investor a unit mix of six large studio units. The property provides tenants with individual covered parking spaces and an on-site laundry facility. Conveniently located on El Camino Real, the property is adjacent to Millbrae Square which offers numerous retail and dining options just a few steps away. Millbrae Station for both BART & Caltrain are a half mile away, providing tenants easy access to the entire Bay Area via public transit. Additionally, the property is near the San Francisco International Airport. The subject property provides an investor with a unique opportunity to own an apartment building in an area of the Peninsula that continues to see an incredible upward trend of value. Millbrae's economy is driven by a mix of retail, shopping, restaurants, hotels, and public services. Because of its close proximity to San Francisco International Airport and to the city of San Francisco, many tourists opt to stay in Millbrae because of its advanced transit center that can connect people to all major cities/events in the Bay Area. The current rental values provide short term investors with significant upside potential while long term hold investors will see significant upside due to the area's continued growth and future developments.

Exclusively Listed By

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