USACAMillbrae840 El Camino Real
Listing image | Image 1

840 El Camino Real, Millbrae, CA

House

For Sale

Listed price in listed location currency (USD).
$2,288,888

000

MLS® ML82049968

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $35,400
Days Active 1
Lot Size 
Approx. Age 1952
MLS® Number ML82049968

Property Address: 840 El Camino Real, Millbrae, CA, 94030

Average square foot calculated using Size range provided by listing agent.

Description

Rare 6-unit multifamily investment opportunity in the heart of Millbrae. This well-maintained property features six oversized studio units, each approximately 700-750 SF, offering spacious floor plans rarely found in todays rental market. Fully occupied with strong in-place income, the property generates approximately $147, 000 in annual gross rental income and nearly $90, 000 in annual NOI, providing an attractive current cap rate of approximately 3.9%. Ideally located along El Camino Real, the property offers convenient access to BART, Caltrain, SFO, Highways 101 and 280, shopping, dining, and major Peninsula employment centers. Tenants pay their own PG&E, helping maintain low operating expenses and stable cash flow. One unit is currently rented below market value, presenting future upside potential through rental optimization. A desirable investment for multifamily investors and 1031 exchange buyers seeking stable income, long-term appreciation, and value-add potential in one of the Peninsulas most sought-after rental markets. Excellent commuter location with strong rental demand and limited multifamily inventory. Dont miss this rare opportunity to acquire a turnkey income-producing asset in a prime Millbrae location.
MLS® NumberML82049968
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$2,288,888List Price
  • Commute

Commute

Starting Address
Destination Address
840 El Camino Real, Millbrae, CA

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