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Duplex with Fully Detached ADU
For Sale
$1,828,000

2601 Evergreen DR, San Bruno, CA 94066

Three-bedroom main home with remodeled kitchen and two baths plus a fully detached permitted two-bedroom ADU, separately metered utilities.

Days on Market50

Property Features for 2601 Evergreen DR

General Information

Standard status Active
Property subtype Duplex

Additional Details

Utilities to Site Yes

Amenities

fireplace
granite counters
hot tub
patio
air conditioning

Building Details

Building Size 1,840 SF
Year Built 1958
Buildings 2
Listing Agency: Intero Real Estate Services
Listed By: Larry Franzella · License #00512797
Source: Johnpaye
Added: Jun 12 Changed: Jul 31 Last Checked: Jul 31 at 6:33AM

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 Intero Real Estate Services

Investment Insights

Based on property information with market context.

This duplex-style property includes a well-cared-for main home with three bedrooms, two remodeled baths, and a remodeled kitchen with granite counters. The main level features a large living room with a fireplace and a dining room with access to the rear yard, patio, and hot tub area. In addition to the primary layout, there are two bonus rooms and a bath down. The home was built in 1958.

The detached permitted ADU provides a two-bedroom, one-bath plan with its own laundry space. Utilities are fully separately metered for the ADU, and the ADU is equipped with air conditioning.

Overall, the configuration supports flexible use between the main home and the detached ADU while keeping the units metered independently.

Key Highlights

  • Two bonus rooms plus a bath down in the main home
  • Remodeled kitchen with granite counters
  • Dining room opens to rear yard, patio, and hot tub area

Financial Insights For Multifamily LT 5

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 $81.7k $44.40
− Vacancy −$5.3k −$2.89
EGI $76.4k $41.51
− OpEx −$22.9k −$12.45
NOI $53.5k $29.06
1,840 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$763.9K
$668.4K – $891.2K (±1% cap)
NOI $53,470 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$715.4K
$626.0K – $834.7K (±1% cap)
NOI $50,079 @ 7.0% cap · market cap 2.74%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M (±1% cap)
NOI $102,307 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Lake Merced walk ... Gym & Fitness Center

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Spa & Massage Center Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

213
Businesses Nearby

Demographics for 94066, CA

44,147
Population
16,736
Households
2.6
Avg Household Size
40
Median Age
44%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
7,237
Density / Sq Mi
$135,976
Median Household Income
$66,057
Median Earnings
$2,696
Median Rent
$1,199,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Three-bedroom main home with remodeled kitchen and two baths plus a fully detached permitted two-bedroom ADU, separately metered utilities.
Where is this duplex located?
The property is located at 2601 Evergreen DR San Bruno, CA.
What is the asking price?
The asking price for this property is $1,828,000.
What are key features of this property?
This property features: Two bonus rooms plus a bath down in the main home; Remodeled kitchen with granite counters; Dining room opens to rear yard, patio, and hot tub area
More about this property
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