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$ 2,475,000
$ 2,500,000 1.0%
Est. payment | /mo
6,185 Sqft Lot
$ 2,475,000
$ 2,500,000 1.0%
Est. payment | /mo
6,185 Sqft Lot
Key Details
Sold Price $2,475,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82031813
Sold Date 05/27/26
HOA Y/N No
Year Built 1964
Annual Tax Amount $28,375
Lot Size 6,185 Sqft
Property Description
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.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Multifamily Residential
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 6
Roof Type Foam
Total Parking Spaces 1
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 007362160
Financing Conventional
Special Listing Condition Standard
Listed by Nate Gustavson Compass #01898316
Bought with Robert Johnston Marcus & Millichap
Bought with Robert Johnston Marcus & Millichap
Nearby Locations
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