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693 San Bruno AVE Brisbane, CA 94005
6,185 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82031813
HOA Y/N No
Year Built 1964
Annual Tax Amount $28,375
Lot Size 6,185 Sqft
Property Description
Excellent opportunity to acquire a well-maintained and partially renovated 7-unit multifamily property in the heart of Brisbane, known as the City of Stars. Built in 1964, this apartment complex consists of (6) one-bedroom/one-bath units and (1) two-level loft-style one-bedroom/one-bath unit, totaling approximately 6,300 sqft. The building has undergone significant capital improvements including General Electric breakers, solar installation (2020 - no PG&E bill), new thermal foam roof (2020), and a new electric hot water system. Four (4) units have been FULLY REMODELED, and SB-721 report has been recently completed. - Current ownership has maintained strong operations with an annual NOI of approximately $152,000, a 6.10% Cap Rate, and a 12.12 GRM based on in-place income. On-site laundry includes two coin-operated washers and two dryers for additional income. Centrally located with easy access to Highway 101, San Francisco, Silicon Valley, and Serramonte Shopping Center, this property offers a compelling blend of stable cash flow, long-term appreciation, and future upside through continued renovations and rent growth. Some of the photos in this listing have been digitally altered.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Multifamily Residential
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 6
Roof Type Foam
Total Parking Spaces 1
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 007362160
Special Listing Condition Standard
Listed by Nate Gustavson Compass