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Listed by Travis Raciti • Luxmore Real Estate, DRE#02246639
$1,850,000
Est. payment /mo
5 Baths
3,542 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,542 sqft
Price per Sqft $522
MLS Listing ID ML82064482
Full Baths 5
Year Built 1895
Lot Size 4,600 Sqft
Property Sub-Type Five or More Units
Property Description
Prime 7-unit multifamily investment opportunity near UC Berkeley! Situated on an approximately 4,500 sq. ft. lot, this 3,542 sq. ft. property features 4 studio apartments and 3 one-bedroom, one-bathroom units. Additional amenities include 4 private garages, 3 uncovered on-site parking spaces, and convenient coin-operated on-site laundry, providing added value and potential supplemental income. Ideally located across from Berkeley High School and near Downtown Berkeley, UC Berkeley, BART, shopping, dining, and entertainment. Strong investment fundamentals with annual gross income of $152,394, NOI of $114,370, a 6.18% cap rate, and a 12.14 GRM. Excellent opportunity to acquire an income-producing multifamily asset in one of the East Bays most established rental markets. An attractive investment offering with a desirable unit mix, ample on-site parking, convenient tenant amenities, and long-term income potential in a prime Berkeley location.
Location
State CA
County Alameda
Area Berkeley Map Area 1
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned Spaces, Attached Garage, On Street
Garage Spaces 4.0
Community Features BBQ Area
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Raised
Sewer Community Sewer / Septic
Water Individual Water Meter
Others
Restrictions None
Tax ID 57-2050-17-2
Security Features Security Alarm
Special Listing Condition Not Applicable
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