693 San Bruno Avenue, Brisbane, CA 94005
List Price: $2.5M
Listing Status: Pending
0Close Date: 2026-05-11
Days on Market: 51
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1964
Lot Size: 6,186 sq ft
Annual Property Tax: $28,375
MLS Number: ML82031813
About This Property
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.
Listing provided by: Nate Gustavson DRE #01898316 (415) 874-5000 nate@gustavsongroup.com, Compass
Source: CRMLS, MLS #: ML82031813
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.