The Gustavson Group is pleased to annouce the exclusive listing of 693 San Bruno Avenue in Brisbane, California. -- An 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. All units are on month-to-month tenancies, providing flexibility for a new owner. 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.