Ad #7999882
MLS #ML82049968
Rare 6-unit multifamily investment opportunity in the heart of
840 El Camino Real, Millbrae, CA 94030
$2,288,888
--Beds
--Baths
4,410Sqft
0.12Acres
About this property
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.
Property Features
0 Beds
0 Baths
4,410 Sqft
Built in 1952
0.12 Acres
On Street, Carport
Shingle Roof
Wall Furnace
Additional Photos
Contact Information
Edward Tseng
KW MREMC Thrive, Inc.
408-887-4128
Location
Listing Agent: Edward Tseng (License #: 02013904) 408-887-4128
Broker: KW MREMC Thrive, Inc. 408-850-6900 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: KW MREMC Thrive, Inc. 408-850-6900 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$2,288,888
--
Beds
--
Baths
4,410
Sqft
840 El Camino Real, Millbrae, CA 94030
By contacting this agent you agree to these Terms and Conditions.
MLS# ML82049968
Rare 6-unit multifamily investment opportunity in the heart of
$2,288,888
840 El Camino Real, Millbrae, CA 94030
--
Beds
--
Baths
4,410
Sqft
0.12
Acres
$2,288,888
840 El Camino Real, Millbrae, CA 94030
-- Beds
-- Baths
4,410 Sqft
0.12 Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
4,410 Sqft
Built in 1952
0.12 Acres
EXTERIOR
On Street, Carport
Shingle Roof
INTERIOR
Wall Furnace
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7999882
Viewed
55 times
Listing Status
Active
Added
Jun 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
MLS Listings, Inc.
Source Property ID
ML82049968
Listing Agent: Edward Tseng (License #: 02013904) 408-887-4128
Broker: KW MREMC Thrive, Inc. 408-850-6900 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: KW MREMC Thrive, Inc. 408-850-6900 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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