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$ 2,500,000

Est. payment | -/mo

2 Beds

2 Baths

6,300 SqFt

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$ 2,500,000

Est. payment | -/mo

Save

2 Beds

2 Baths

6,300 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $396

Lot Size 6,186 Sqft

MLS Listing ID ML82031813

Bedrooms 2

Full Baths 2

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

1-purchase type For Sale

Exterior

Garage 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 Sale Not Applicable

Listed by Nate Gustavson of Compass
Bought with Nate Gustavson of Compass

693 San Bruno AVE Brisbane, CA 94005