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669 Masson Ave
San Bruno, CA 94066
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Average in-place rents are ~15% below market rents and 30% below renovated market rents offering investors the potential to capture significant upside
- Proximity to silicon valley tech companies.
- The Property features a perfect unit mix consisting of (1) 1 Bed, 1 Bath, (2) 2 bed, 1 Bath, and (1) 3 Bed, 2 Bath.
- Please reach out to Adam Foley or Ben Mollahan of the CBRE listing team for additional information.
Executive Summary
669 Masson Ave (The Property) is a four unit multifamily asset in San Bruno, CA built in 1965. All four units are individually metered for water, electricity, and gas; tenants also pay for their own garbage and sewer. The property is situated on a 0.11-acre lot and comprised of four spacious units: (1) 1 bed, 1 bath, (2) 2 bed, 1 bath, and (1) 3 bed, 2 bath unit.
This property offers investors the rare opportunity to purchase an investment asset in one of the most strategically connected locations in the San Francisco Peninsula. Perfectly situated near the San Bruno BART and Caltrain stations, near Interstates I-280 and Highway 101, and directly off El Camino Real (Highway 82), this asset provides unparalleled access to the entire Bay Area. The location is moments away from major tech and corporate employers, including the YouTube Headquarters, and offers a fast commute to nearby hubs such as SFO, Genentech, and Visa.
In addition, the property is just a short distance from the revitalized Downtown San Bruno, featuring a variety of local dining, shopping, and entertainment options along San Mateo Avenue and El Camino Real. This ideal combination of transit-oriented location and corporate proximity makes it a premier investment.
This property offers investors the rare opportunity to purchase an investment asset in one of the most strategically connected locations in the San Francisco Peninsula. Perfectly situated near the San Bruno BART and Caltrain stations, near Interstates I-280 and Highway 101, and directly off El Camino Real (Highway 82), this asset provides unparalleled access to the entire Bay Area. The location is moments away from major tech and corporate employers, including the YouTube Headquarters, and offers a fast commute to nearby hubs such as SFO, Genentech, and Visa.
In addition, the property is just a short distance from the revitalized Downtown San Bruno, featuring a variety of local dining, shopping, and entertainment options along San Mateo Avenue and El Camino Real. This ideal combination of transit-oriented location and corporate proximity makes it a premier investment.
Property Facts
| Price Per Unit | $574,056 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.02% | Building Size | 6,604 SF |
| Gross Rent Multiplier | 18.4 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Apartment Style | Low-Rise |
| Price Per Unit | $574,056 CAD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| Gross Rent Multiplier | 18.4 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,604 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.12/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
Property Taxes
| Parcel Number | 020-133-030 | Improvements Assessment | $777,314 CAD |
| Land Assessment | $874,473 CAD | Total Assessment | $1,651,787 CAD |
Property Taxes
Parcel Number
020-133-030
Land Assessment
$874,473 CAD
Improvements Assessment
$777,314 CAD
Total Assessment
$1,651,787 CAD
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