About this home

SC Properties exclusively presents 221 Paramount Drive, Millbrae, a well-maintained four-unit multifamily investment opportunity in one of the Peninsulas most desirable rental markets. The property features four (1)one-bedroom, (1) one-bathroom units, a recently replaced roof, and a well-kept exterior, offering investors a combination of existing rental income and immediate upside potential. With one unit currently vacant, a new owner has the opportunity to lease the unit at current market rates and increase the property's overall rental income. Conveniently located near Downtown Millbrae, BART, Caltrain, SFO, and major highways, 221 Paramount Drive presents an attractive opportunity for investors seeking stable cash flow, rental upside, and long-term appreciation in a strong Peninsula rental market.

Facts and features

Schools

• Green Hills Elementary School

  elementary · K-5 · 0.3 mi

  10

• Taylor Middle School

  middle · 6-8 · 0.8 mi

  8

• Mills High School

  high · 9-12 · 1.2 mi

  10

• St. Dunstan's Elementary School

  elementary · 0.2 mi

• Lomita Park Elementary School

  elementary · K-5 · 0.2 mi

  5

• Capuchino High School

  high · 9-12 · 0.3 mi

  7

Price history

• Nov 6, 2026 · Relisted$1,995,000
• Oct 30, 2026 · Listing Removed$1,995,000
• Oct 29, 2026 · Listed$1,995,000
• Jun 2, 1999 · Sold$555,000
• Apr 7, 1999 · Listed$559,950

Tax history

• 2025$17,213 tax · $1,950,000 assessed
• 2024$16,570 tax · $854,386 assessed
• 2023$16,114 tax · $821,210 assessed
• 2022$9,629 tax · $805,108 assessed
• 2021$9,526 tax · $789,322 assessed
• 2020$9,378 tax · $781,230 assessed
• 2019$9,167 tax · $765,912 assessed
• 2018$8,996 tax · $750,896 assessed

Home value

$2,310,662

• Quantarium$2,310,662
• Collateral Analytics$1,680,000

Where it is