693 San Bruno Ave - Apartments FOR SALE


Brisbane, CA 94005- Central Brisbane
$2,500,000 USD
415-786-9410
693 San Bruno Ave, Brisbane, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/41
null | 6.1% Cap Rate

693 San Bruno Ave
Brisbane, CA 94005
Central Brisbane


HIGHLIGHTS

  • New Thermal Foam ROOF (2020)
  • All ELECTRICAL PANELS have been changed and upgraded / General Electric
  • All Units in the building had Refrigerators Replaced with Energy Star Appliances
  • All Water Fixtures have been changed or converted to CA Water Sense Standards
  • Solar Installed | Zero ($$$) PG&E Bill! (2020)
  • New Electric Hot Water System (2020)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

7

PRICE/UNIT

$357,143

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,186 SF

ZONING

R3

APN/PARCEL ID

007-362-160

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.