693 San Bruno Avenue, Brisbane, CA 94005
Listed by Nate Gustavson • Compass
Bought with Robert Johnston Marcus & Millichap

$2,475,000

Est. payment /mo

$2,500,000

1.0%
Est.Price: ?

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693 San Bruno Avenue Brisbane, CA 94005

6,300 SqFt

SOLD DATE : 05/27/2026

Key Details

Sold Price $2,475,000

Property Type Commercial

Sub Type Other

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

HOA Y/N No

Year Built 1964

Lot Size 6,186 Sqft

Property Sub-Type Other

Source Datashare MLSListings

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

Interior

Heating Natural Gas, Wall Furnace

Cooling Ceiling Fan(s)

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Coin Operated

Exterior

View Hills, Mountain(s)

Building

Water Public

Read Less

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