Six-Unit Apartment Building with
260 San Marco Avenue San Bruno, CA 94066
260 San Marco Avenue, San Bruno, CA, 94066
$2,199,000
For Sale
$2,199,000
Six enclosed garages support a 6-unit apartment building with five occupied two-bedroom units and one vacant for rehab.
Property Size6,252 SF
Price / SF$351.73
Days on Market90
Property Features for 260 San Marco Avenue
General Information
- Standard status
- Active
- Size
- 6,252 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1961
Listing agency
Coldwell Banker Realty
(408) 828-4024
Listed by
Neel Bhatia · License #01464424
(408) 828-4024
Source
Exitrealty
Added: Apr 24 Updated: Jul 22 at 2:20AM Checked: Jul 22 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This offering is a six-unit apartment building featuring all two-bedroom, one-bath units. Five of the six units are currently occupied, and one vacant unit is described as ready for full rehab and add-value work. The property includes six enclosed garages and is positioned for potential additional income through ADU conversions, according to the seller.
The building is located at 260 San Marco Avenue in San Bruno. Public remarks note walking distance to BART and Caltrain, along with immediate access to SFO.
From a configuration standpoint, the current setup provides a straightforward 6-unit residential income property with garage space on-site and an opportunity to improve the vacant unit and explore ADU conversions, as presented in the seller’s remarks.
The building is located at 260 San Marco Avenue in San Bruno. Public remarks note walking distance to BART and Caltrain, along with immediate access to SFO.
From a configuration standpoint, the current setup provides a straightforward 6-unit residential income property with garage space on-site and an opportunity to improve the vacant unit and explore ADU conversions, as presented in the seller’s remarks.
Key Highlights
- 6‑unit apartment building built in 1961 with five occupied 2BD/1BA units and one vacant unit ready for rehab
- Five of six units currently occupied, generating current gross income reported as $200,000
- Six enclosed garages, supporting add‑value opportunities with ADU conversions
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.4k | $52.20 |
| − Vacancy | −$17.0k | −$2.71 |
| EGI | $309.4k | $49.49 |
| − OpEx | −$139.2k | −$22.27 |
| NOI | $170.2k | $27.22 |
6,252 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,161 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.97M
$4.35M – $5.79M
NOI $347,623 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six enclosed garages support a 6-unit apartment building with five occupied two-bedroom units and one vacant for rehab.
Where is this apartment building located?
The property is located at 260 San Marco Avenue San Bruno, CA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 6‑unit apartment building built in 1961 with five occupied 2BD/1BA units and one vacant unit ready for rehab; Five of six units currently occupied, generating current gross income reported as $200,000; Six enclosed garages, supporting add‑value opportunities with ADU conversions
