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ActiveCondo

$799,000

380 Vallejo Dr Apt 126, Millbrae 94030

Beds2
Baths2
Sqft1,150
DOM43
No Photos Available

AddressIntel AI Briefing

This townhome unit represents an excellent value-add investment opportunity, listed below neighborhood market averages on a price-per-square-foot basis. This entry point yields promising long-term rental potential, despite the presence of very high fire hazards.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Millbrae)

Parcel & Zoning Info

APN100730260
Official Lot Sqft1,143
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Condo Investment Snapshot

Value Score77/100
Price / Sqft$695 vs $804 mkt
Price vs Market-13.6% Below market
Est. Rent$2,774/mo

Price positioning vs. 212 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

Seller Motivation

Motivation Score6/100
Low motivation
30+ days on market

Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

Very High
Elevated fire risk; impacts insurance cost and building materials.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Spring Valley Elementary

Millbrae Elementary

0.9 miles away
Middle School

Burlingame Intermediate

Burlingame Elementary

1.0 miles away
High School

Mills High

San Mateo Union High

1.1 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

64/100

Based on recent sales velocity and local demand in 94030.

Flippability Score

75/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

20%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 12 recent condo sales in Millbrae (94030): $664/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 1,700 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$935,000
New Build1,700 sqft
Total Capital Required$1,909,000
Estimated Resale (ARV)$1,184,900
Cost of Sale (5%)-$59,245
Carry (33mo @ 7%)-$260,645
Net Proceeds$865,010

Projected Profit

-$1,043,990
-54.7% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Millbrae 94030)

Sized to the modelled 1,700 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

1351 El Camino Real

Sold
$800,000
Sold: 2026-10-02
Lot: -
Sqft: 1320
$/Sqft: $606

1388 Broadway Unit 483

Sold
$1,360,000
Sold: 2026-10-01
Lot: 1,689
Sqft: 1619
$/Sqft: $840

555 Palm Ave Apt 307

Sold
$1,125,000
Sold: 2026-06-26
Lot: -
Sqft: 1537
$/Sqft: $732

555 Palm Ave Apt 103

Sold
$1,028,000
Sold: 2026-06-17
Lot: 5,520
Sqft: 1502
$/Sqft: $684

340 Vallejo Dr Apt 71

Sold
$840,000
Sold: 2026-06-05
Lot: 1,538
Sqft: 1352
$/Sqft: $621

320 Vallejo Dr Apt 30

Sold
$870,000
Sold: 2026-04-30
Lot: -
Sqft: 1352
$/Sqft: $643

265 Vallejo Ct

Sold
$1,800,000
Sold: 2026-04-02
Lot: 2,291
Sqft: 1598
$/Sqft: $1,126

360 Vallejo Dr Apt 105

Sold
$722,500
Sold: 2026-03-30
Lot: 1,529
Sqft: 1352
$/Sqft: $534

1363 El Camino Real

Sold
$865,000
Sold: 2026-03-20
Lot: 973
Sqft: 1440
$/Sqft: $601

555 Palm Ave Apt 202

Sold
$1,030,000
Sold: 2026-03-18
Lot: 30,207
Sqft: 1461
$/Sqft: $705

88 S Broadway Unit 1302

Sold
$1,500,000
Sold: 2026-03-16
Lot: 1,947
Sqft: 1715
$/Sqft: $875

340 Vallejo Dr Apt 80

Sold
$870,000
Sold: 2026-02-05
Lot: -
Sqft: 1352
$/Sqft: $643