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693 San Bruno Ave
Brisbane, CA 94005
Multifamily Property For Sale
·
7 Units
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
CALL OR EMAIL US FOR UPCOMING OPEN HOUSE DATES. -- 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. All units are on month-to-month tenancies, providing flexibility for a new owner. 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. All units are on month-to-month tenancies, providing flexibility for a new owner. 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.
PROPERTY FACTS
| Price Per Unit | $357,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.10% | Building Size | 6,300 SF |
| Gross Rent Multiplier | 12.12 | 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 |
| Apartment Style | Garden | ||
| Zoning | R3 - Residential - Multifamily | ||
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 12.12 |
| 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 |
PROPERTY TAXES
| Parcel Number | 007-362-160 | Improvements Assessment | $639,580 |
| Land Assessment | $274,091 | Total Assessment | $913,671 |
PROPERTY TAXES
Parcel Number
007-362-160
Land Assessment
$274,091
Improvements Assessment
$639,580
Total Assessment
$913,671
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