693 San Bruno Ave - Apartments FOR SALE


Brisbane, CA 94005- Central Brisbane
$2,800,000 USD
650-339-6818
693 San Bruno Ave, Brisbane, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/69
null | 4.74% Cap Rate

693 San Bruno Ave
Brisbane, CA 94005
Central Brisbane


HIGHLIGHTS

  • Between 2016 and 2020, four apartments were completely remodeled: #1, #2, #5, and #6.
  • Kitchen renovations included all cabinets, fixtures, appliances and floor coverings . Installed plan flooring and window coverings
  • Bathroom renovations included all cabinets, bathtubs, tile and flooring, bathtubs, marble surrounds, lighting, flooring, ventilation fans
  • Bedrooms and living rooms were fitted with either plank flooring or wall-to-wall carpeting, depending on the floor level of the apartment.
  • Rents are due for a 5% this year, which poses healthy upside for a potential buyer

OVERVIEW

Catalyst Commercial Partners is pleased to present 693 San Bruno Ave in Brisbane, CA. The property consists of 7 units with all 1bd/1ba units built in 1964. The property is located a highly sought area of Brisbane with extremely low turnover in terms of sale volume, which presents a rare opportunity to invest in a highly sought after market. All electrical panels on the property have been changed and upgraded, water fixtures have been changed and converted to CA water sense standards, all interior and exterior lighting has been upgraded to LED fixtures,. Renovated units all have new appliances. In 2020, a new Thermal Foam Roof was installed, improving temperature regulation in upper apartments during both summer and winter months. Solar panels were installed to meet the energy needs of the building, which is a huge plus in terms of cost efficiency. In 2020, the hot water system was updated: Installed a new electric hot water system, featuring a Sanden Heat Pump with a 119-gallon supply tank.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

7

PRICE/UNIT

$400,000

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

R3

APN/PARCEL ID

007-362-160

ASK ABOUT THIS PROPERTY

Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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

Rachna GandhiCatalyst Commercial PartnersMore Info
650-339-6818

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