1129 Capuchino Ave
Burlingame, CA 94010
Sq. Feet 6,750
251 San Anselmo Ave South in San Bruno, California is a charming eleven (11) unit apartment building located in the Lomita Park Neighborhood of San Bruno.
The property contains 11,825 square feet of livable space and is situated on an 11,790 square foot lot. The unit sizes are larger than average for the area, and consist of two (2) studios, four (4) one-bedroom/one-bathroom units, and five (5) two-bedroom/one-bathroom units. The second and third floor units have large private outdoor balconies, while the ground floor Owner’s Unit has a fenced in and individual patio and private two-car garage.
The property includes fourteen (14) covered spaces and two (2) garage spaces, a coin-operated washer and dryer room (units are owned and transfer with the sale), and is separately metered for gas and electricity. For the tenant’s convenience, there is a ground-level indoor corridor giving way to eleven (11) individual storage units. Each storage unit is approximately six-feet deep, and six-feet wide with standard eight-foot ceilings. Current ownership does not charge for these storage units; however these will generate additional demand and income for future ownership.
Cap Rate: 2.82% NOI: $111,144 Livable Sq. Ft: 11,825
Built in 1972 11 units Lot Sq. Ft: 11,790