424 Richmond Dr - Apartments FOR SALE


Millbrae, CA 94030
$5,200,000 USD
408-888-9594
424 Richmond Dr, Millbrae, CA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/13
null | 4.31% Cap Rate

424 Richmond Dr
Millbrae, CA 94030


HIGHLIGHTS

  • ALL 2-Bedroom Units!
  • Excellent return with income upside, while providing strong appreciation potential
  • One of the strongest locations in the Bay Area

OVERVIEW

424 Richmond Drive is a rare opportunity with ALL 2-bedroom units (12)! The property boasts an excellent return with income upside, while providing strong appreciation potential in one of the strongest locations in the Bay Area. Marketing Package and DD File available upon request.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

12

PRICE/UNIT

$433,333

CAP RATE

4.31%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units | All 2BR-1BA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,327 SF

ZONING

N/Av, Millbrae

APN/PARCEL ID

021-432-170

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.