# 840 El Camino Real, Millbrae, CA 94030 > **TL;DR:** single family, $2,238,888 ($508/sqft), built 1952, 4,410 sqft. Est. $11,974/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,238,888 | | Price/sqft | $508 | | Square Feet | 4,410 | | Year Built | 1952 | | Lot Size | 5,245 sqft (0.12 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,321 | | Estimated Insurance | $653 | | **Total** | **$11,974** | ## Property Highlights - Built in 1952 - 0.12 acre lot ## Description ### 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. ## Location - **Address:** 840 El Camino Real, Millbrae, CA 94030 ## Listing Agent - **Name:** Edward Tseng · **License:** 02013904 - **Brokerage:** KW MREMC Thrive, Inc. - **Phone:** 4088874128 - **Broker Phone:** (408) 850-6900 ## Photos ![840 El Camino Real - Photo 1](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f3469341105r.jpg) ![840 El Camino Real - Photo 2](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f2180036805r.jpg) ![840 El Camino Real - Photo 3](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f481491206r.jpg) ![840 El Camino Real - Photo 4](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f1093898388r.jpg) ![840 El Camino Real - Photo 5](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f2693989355r.jpg) ![840 El Camino Real - Photo 6](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f2643148894r.jpg) ![840 El Camino Real - Photo 7](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f2100585772r.jpg) ![840 El Camino Real - Photo 8](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f3692560639r.jpg) ![840 El Camino Real - Photo 9](http://lh.rdcpix.com/27788b6243d569554939d84794a50f38l-f2135681214r.jpg) --- **MLS#:** ML82049968 | **Updated:** 2026-09-22 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/840-el-camino-real-millbrae-ca-94030-82049968) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/840-el-camino-real-millbrae-ca-94030-82049968#listing", "url": "https://www.propertysimple.ai/listing/840-el-camino-real-millbrae-ca-94030-82049968", "name": "840 El Camino Real, Millbrae, CA 94030", "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. 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