840 El Camino Real, MILLBRAE, CA 94030

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840 El Camino Real, MILLBRAE, CA 94030

(Active)

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Listed by: Edward Tseng - Keller Williams Thrive

Active

est.$2,238,888/month.

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beds. baths. 4,410 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

840 El Camino Real, MILLBRAE, CA 94030

$2,238,888

Active

est.$2,238,888/month.

Start My Approval

beds baths 4,410 Sq.ft.

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Property details for 840 El Camino Real, MILLBRAE, CA 94030

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.

Broker details: Keller Williams Thrive

Listed by: Edward Tseng
Co-listing Broker: Keller Williams Thrive
Co-listing Agent: Mark Zhang

Property Description

MLS Information

Listing: ML82049968
Listing Last Modified: 2026-07-24

Property Details

Standard Status: Active
MLS Status: Active
Built in: 1952
Lot size area: 5244 Square Feet

Geographic Data

County: San Mateo

Features

Interior Features

Living area: 4410

Exterior Features

Roof type: Shingle
Pool: None

Parking

Utilities

Sewer: Public Sewer
Water: Public
Heating: Wall Furnace

Property Information

Tax Information

Tax Annual Amount: $35,400

Rossetti Realty Inc.

840 El Camino Real, MILLBRAE, CA 94030