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693 San Bruno Ave 7 Unit Apartment Building $3,410,600 CAD ($487,229 CAD/Unit) 6.10% Cap Rate Brisbane, CA 94005
Investment Highlights
- New Thermal Foam ROOF (2020)
- All Units in the building had Refrigerators Replaced with Energy Star Appliances
- Solar Installed | Zero ($$$) PG&E Bill! (2020)
- All ELECTRICAL PANELS have been changed and upgraded / General Electric
- All Water Fixtures have been changed or converted to CA Water Sense Standards
- New Electric Hot Water System (2020)
Executive Summary
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. 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.
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. 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$284,198
|
$45.11
|
| Other Income |
$4,911
|
$0.78
|
| Vacancy Loss |
$8,674
|
$1.38
|
| Effective Gross Income |
$280,436
|
$44.51
|
| Taxes |
$38,710
|
$6.14
|
| Operating Expenses |
$26,147
|
$4.15
|
| Total Expenses |
$64,857
|
$10.29
|
| Net Operating Income |
$215,579
|
$34.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $284,198 |
| Annual Per SF | $45.11 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,911 |
| Annual Per SF | $0.78 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,674 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $280,436 |
| Annual Per SF | $44.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,710 |
| Annual Per SF | $6.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,147 |
| Annual Per SF | $4.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,857 |
| Annual Per SF | $10.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $215,579 |
| Annual Per SF | $34.22 |
Property Facts Under Contract
| Price | $3,410,600 CAD | Apartment Style | Garden |
| Price Per Unit | $487,229 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.10% | Building Size | 6,300 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | R3 - Residential - Multifamily | ||
| Price | $3,410,600 CAD |
| Price Per Unit | $487,229 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R3 - Residential - Multifamily |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $3,342 CAD | 600 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 007-362-160 | Total Assessment | $1,258,582 CAD |
| Land Assessment | $377,560 CAD | Annual Taxes | $38,710 CAD ($6.14 CAD/SF) |
| Improvements Assessment | $881,021 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
007-362-160
Land Assessment
$377,560 CAD
Improvements Assessment
$881,021 CAD
Total Assessment
$1,258,582 CAD
Annual Taxes
$38,710 CAD ($6.14 CAD/SF)
Tax Year
2025
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693 San Bruno Ave
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