This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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 top floor features a massive 1800 square foot three-bedroom/two-bathroom unit. Other features of the asset include six brand new single-car garage doors for each of the tenants and updated windows. Three of the six units have been renovated so an investor will be able to acquire a great value-add deal with significant upside potential. 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 up ward trend. Millbrae's 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 |
|---|---|---|---|
| 1+1 | 1 | $1,900 | 650 |
| 2+1 | 2 | $1,858 | 700 - 1,000 |
| 3+2 | 1 | $3,580 | 1,800 |
PROPERTY TAXES
| Parcel Number | 021-411-030 | Improvements Assessment | $1,872,606 |
| Land Assessment | $1,158,201 | Total Assessment | $3,030,807 |
PROPERTY TAXES
