Bought with Robert Johnston • Marcus & Millichap
$2,475,000
$2,500,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
693 San Bruno AVE Brisbane, CA 94005
2 Beds
2 Baths
6,300 SqFt
Key Details
Sold Price $2,475,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $392
MLS Listing ID ML82031813
Sold Date 05/27/26
Bedrooms 2
Full Baths 2
Year Built 1964
Lot Size 6,186 Sqft
Property Sub-Type Five or More Units
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 Brisbane
Zoning Multifamily Residential
Rooms
Kitchen Cooktop - Electric, Countertop - Marble, Dishwasher, Hood Over Range, Oven - Electric, Refrigerator, Varies by Unit
Interior
Heating Gas, Wall Furnace
Cooling Ceiling Fan
Laundry Coin Operated
Exterior
Parking Features Assigned Spaces, Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
View Hills, Mountains
Roof Type Foam,Polyurethane
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public, Sewer Connected
Water Public
Others
Restrictions None
Tax ID 007-362-160
Security Features None
Special Listing Condition Not Applicable
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