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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Travis Raciti • Luxmore Real Estate, DRE#02246639

$ 1,850,000

Est. payment | -/mo

5 Baths

3,542 SqFt

Save

$ 1,850,000

Est. payment | -/mo

Save

5 Baths

3,542 SqFt

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

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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2001 Haste ST Berkeley, CA 94709