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502 Richmond Dr
Millbrae, CA 94030
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 8,325 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.72/1,000 SF |
| Zoning | R-3, Millbrae | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,325 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | R-3, Millbrae |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
ABOUT 502 RICHMOND DR , MILLBRAE, CA 94030
502 Richmond Drive is a charming apartment building in the suburban Meadow Glenn Neighborhood of Millbrae, CA. The property unit mix consists of one (1) three-bedroom/two-bathroom, (2) two-bedroom/one-bathroom units, one (1) one-bedroom/one-bathroom, and two (2) studios. The units are all exceptionally large with over 8,300 rentable square footage. The property is located in the Meadow Glenn Neighborhood of Millbrae; characterized by neat, well-kept homes of uniformly traditional style. Meadow Glenn has the added benefit of being an easy walk to downtown. The district's southern edge offers access to Central Park and the Millbrae Recreation Community Center. Its eastern border is downtown, with the furthest point of the neighborhood less than a mile from Broadway shopping and dining, equidistant from BART and Cal train, and a five-minute drive from the nearest freeway onramp. Adjacent to the San Francisco International Airport, and located in the heart of San Mateo County, Millbrae is gently cradled in the sun-warmed hills that separate the Pacific Ocean from the San Francisco Bay. Major freeways border both its eastern and western boundaries, making Millbrae easily accessible from all parts of the Bay Area. Many hillside homes enjoy beautiful bay views. Well-cared for neighborhoods, twelve local parks, and the Green Hills Country Club add to the charm of the residential community. The subject property provides an investor with a unique opportunity to own an apartment building in an area of the Peninsula that continues its incredible upward trend. Millbrae economic community is a vital mix of retail, shopping, restaurants, hotels and public services. The current rental values provide short term investors with significant up-side potential, while long-term hold investors will see sizeable up-side, due to the areas continued growth and future developments.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,000 | 1,800 |
| 2+1 | 2 | $2,500 | 1,000 |
| 1+1 | 1 | $2,300 | 800 |
| Studios | 2 | $1,800 | 700 |
PROPERTY TAXES
| Parcel Number | 021-411-030 | Improvements Assessment | $1,872,606 |
| Land Assessment | $1,158,201 | Total Assessment | $3,030,807 |
PROPERTY TAXES
