510 Richmond Drive

Millbrae, CA 94030

$2,800,000
Last Sold Price
Beds
6,132 Sq. Ft.
$457 / Sq. Ft.
6,132
Sq. Ft.
$457
per Sq. Ft.

Description

510 Richmond Drive is a stunning 5-unit apartment building in thriving Millbrae, California. Situated on a 5,050 SF lot, the subject property boasts 6,132 of gross living space. The property has an attractive unit mix, consisting of two (2) Studios, two (2) two-bedroom/one-bath-room, and one three-bedroom/one and half bathroom units. 510 Richmond Drive is a true pride of ownership asset that has been meticulously maintained and upgraded over the years. Recently the property has been upgraded with...510 Richmond Drive is a stunning 5-unit apartment building in thriving Millbrae, California. Situated on a 5,050 SF lot, the subject property boasts 6,132 of gross living space. The property has an attractive unit mix, consisting of two (2) Studios, two (2) two-bedroom/one-bath-room, and one three-bedroom/one and half bathroom units. 510 Richmond Drive is a true pride of ownership asset that has been meticulously maintained and upgraded over the years. Recently the property has been upgraded with new finishes, dual pane windows, remolded kitchens, and bathrooms. Each unit has a large private garage and storage locker, plus additional off-street parking. The subject property boasts a 2022 American Standard 100-gallon water heater, and two (2) coin-operated washers and dryers. Additionally, in 2020 the subject property was retrofitted by Foundation Repair of CA.
  1. Listed by Marshall P Ward • DRE #01919391 • Brokerage DRE #00662084 • Marcus & Millichap

Property Details for 510 Richmond Drive

View Description
Mountains
Cross Street
Geraldine
Total Parking Spaces
10

Location

Listing Courtesy of Marcus & Millichap, Marshall P Ward, DRE #01919391

Sold By Marcus & Millichap, Marshall P Ward, DRE #01919391

Add your commute
LISTING UPDATED: 10/18/2023 03:12 PM

Property Details for 510 Richmond Drive

StatusClosed
MLS #422654911
Days on Compass121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1967
Lot Size0.12 AC / 5,039 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Marshall P Ward, DRE #01919391

Sold By Marcus & Millichap, Marshall P Ward, DRE #01919391

Add your commute

Building Information for 510 Richmond Drive

Stories-Residences-Year Built1967Building Size-Lot Size0.12 AC / 5,039 SF

Payment Calculator

$18,468 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$3,187

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 510 Richmond Drive

Summary
Location and General Information
  • Area/District: Millbrae
  • Area Short Display: 13G
  • Accessibility Features: Parking
  • Area Long Display: Millbrae
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 021-411-070
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
School Information
  • School District (County): San Mateo
  • Elementary School District: Millbrae Elementary
  • Middle or Junior School District: Millbrae Elementary
Parking
  • Parking Features: Off Street, Garage
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 5
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 5
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 6132.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Owner
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 5040.0
  • Lot Features: Sidewalk
Property and Assessments
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 0
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2023 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2023 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 17.7
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Gas, Electricity
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Stories: 3
  • Patio And Porch Features: Enclosed Patio, Covered Patio, Balcony/Deck
  • # of Floors: 3
Interior Features
  • Heating: Central
  • Cooling: Central
  • Flooring: Wood, Varies by Unit, Carpet
  • Appliances: Disposal, Dishwasher
  • Laundry Features: In Common Area, Coin Operated
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Full
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Rent Range: 2798
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 2
3 Bedroom Unit
  • # of 3 Bedroom Units: 1
  • 3 Bedroom Rent Range: 3862
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $158,184.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 5
  • # of Studio Units: 2
  • # Studios Occupied: 2
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 510 Richmond Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 510 Richmond Drive

Taxable ValueLand$1,300,000Additions$1,500,000Total$2,800,000
Tax Record2023$38,246 ($3,187 / month)
Home Facts
Baths6Total Finished SqFt6,132 SqFtAbove Grade Finished SqFt6,132 SqFtStories3Lot Size5,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningR30000CountySAN MATEOAPN021-411-070

Schools near 510 Richmond Drive

This home is within San Mateo Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Meadows Elementary School
PublicK to 5

Taylor Middle School
Public6 to 8

Mills High School
Public9 to 12

Design Tech High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Marshall P Ward, DRE #01919391

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.