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693 San Bruno Ave 7 Unit Apartment Building $2,500,000 ($357,143/Unit) 6.32% Cap Rate Brisbane, CA 94005
Investment Highlights
- New Thermal Foam ROOF (2020)
- All Units in the building had Refrigerators Replaced with Energy Star Appliances
- Solar Installed | Zero ($$$) PG&E Bill! (2020)
- All ELECTRICAL PANELS have been changed and upgraded / General Electric
- All Water Fixtures have been changed or converted to CA Water Sense Standards
- New Electric Hot Water System (2020)
Executive Summary
OPEN HOUSE #1 will be on Friday (1/23/26) from 11:00-12:30pm -- Nate.Gustavson@Compass.com or Eric.Peterson@Compass.com
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 SF gross building area with 4,200 net rentable square feet.
The building has undergone significant capital improvements, including a new roof (2020), all electrical panels upgraded to General Electric breakers, solar installation (2020 - no PG&E bill), new thermal foam roof (2020), new electric hot water system, and extensive energy-efficient upgrades throughout. Four (4) units have been fully remodeled, offering immediate pride of ownership and upside potential. Additional improvements include LED lighting (interior/exterior), Energy Star appliances, water-saving fixtures, and eco-flush toilets. SB-721 report 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.
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 SF gross building area with 4,200 net rentable square feet.
The building has undergone significant capital improvements, including a new roof (2020), all electrical panels upgraded to General Electric breakers, solar installation (2020 - no PG&E bill), new thermal foam roof (2020), new electric hot water system, and extensive energy-efficient upgrades throughout. Four (4) units have been fully remodeled, offering immediate pride of ownership and upside potential. Additional improvements include LED lighting (interior/exterior), Energy Star appliances, water-saving fixtures, and eco-flush toilets. SB-721 report 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$208,320
|
$33.07
|
| Other Income |
$3,600
|
$0.57
|
| Vacancy Loss |
$6,358
|
$1.01
|
| Effective Gross Income |
$205,562
|
$32.63
|
| Taxes |
$28,375
|
$4.50
|
| Operating Expenses |
$19,166
|
$3.04
|
| Total Expenses |
$47,541
|
$7.55
|
| Net Operating Income |
$158,021
|
$25.08
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $208,320 |
| Annual Per SF | $33.07 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.57 |
| Vacancy Loss | |
|---|---|
| Annual | $6,358 |
| Annual Per SF | $1.01 |
| Effective Gross Income | |
|---|---|
| Annual | $205,562 |
| Annual Per SF | $32.63 |
| Taxes | |
|---|---|
| Annual | $28,375 |
| Annual Per SF | $4.50 |
| Operating Expenses | |
|---|---|
| Annual | $19,166 |
| Annual Per SF | $3.04 |
| Total Expenses | |
|---|---|
| Annual | $47,541 |
| Annual Per SF | $7.55 |
| Net Operating Income | |
|---|---|
| Annual | $158,021 |
| Annual Per SF | $25.08 |
Property Facts
| Price | $2,500,000 | Apartment Style | Garden |
| Price Per Unit | $357,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.32% | Building Size | 6,300 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | R3 - Residential - Multifamily | ||
| Price | $2,500,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R3 - Residential - Multifamily |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,450 | 600 |
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Property Taxes
| Parcel Number | 007-362-160 | Total Assessment | $913,671 |
| Land Assessment | $274,091 | Annual Taxes | $28,375 ($4.50/SF) |
| Improvements Assessment | $639,580 | Tax Year | 2025 |
Property Taxes
Parcel Number
007-362-160
Land Assessment
$274,091
Improvements Assessment
$639,580
Total Assessment
$913,671
Annual Taxes
$28,375 ($4.50/SF)
Tax Year
2025
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693 San Bruno Ave
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