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$2,405,000
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Property Description
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.
Full Property Details
Full Property Details for 432 Richmond Dr
General
- Sold For: $2,405,000
- Status: Closed
- Type: Commercial Residential Facility
- Source: RE_Infolink
- MLS ID: ML82032151
- Added to Site: 131 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Parking Features: Covered Parking
Location
- Area: Meadow Glen
- County: San Mateo
Heating & Cooling
- Cooling Type: Ceiling Fan
Utilities
- Sewer: Public Sewer, Sewer Connected
- Water: Public
- Utility Description: Public Utilities
- Metering: Master Gas, Master Water, Separate Common Area, Separate Electric
Structural Information
- Foundation: Concrete Perimeter and Slab
- Roof: Bitumen, Flat / Low Pitch
- Disability Access: None
- Square Feet: 6,390
- Year Built: 1969
Unit Information
Unit 1
- Square Feet: 907
- Bedrooms: 2
Unit 2
- Square Feet: 680
- Bedrooms: 1
Lot Features
- Minimum Lot Size: 6944
- Building Sites: 1
- Zoning: Multifamily
Disclosures and Reports
- Restrictions: None
Listed by Compass, Nate Gustavson and Compass, Cameron Foster
Sold by Eli, Matthew Rogers
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Schools
Schools serving 432 Richmond Dr
School Districts:Millbrae Elementary School District, San Mateo Union High School District
| Name | Grades | Distance |
|---|---|---|
Meadows Elementary School 1101 Helen Drive, Millbrae, CA 94030 | K-5 | 0.9 mi |
Taylor Middle School 850 Taylor Boulevard, Millbrae, CA 94030 | 6-8 | 0.2 mi |
Mills High School 400 Murchison Drive, Millbrae, CA 94030 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 432 Richmond Dr
Date
Details
Price
Change
Source
4/10/2026
Sold
$2,405,000
-10.53%
MLS
1/22/2026
Listed
$2,688,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
432 Richmond Dr, Millbrae, CA 94030 (MLS# ML82032151) is a Commercial Residential Facility property that was sold at $2,405,000 on April 10, 2026. Want to learn more about 432 Richmond Dr? Do you have questions about finding other Commercial Residential Facility real estate for sale in Millbrae? You can browse all Millbrae real estate or contact a Coldwell Banker agent to request more information.

