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$ 1,850,000
Est. payment | /mo
4,599 Sqft Lot
$ 1,850,000
Est. payment | /mo
4,599 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064482
HOA Y/N No
Year Built 1895
Annual Tax Amount $22,779
Lot Size 4,599 Sqft
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 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition,Shingle
Total Parking Spaces 2
Schools
Elementary Schools Other
Middle Schools Willard
High Schools Other
School District Other
Others
Tax ID 572050172
Special Listing Condition Standard
Listed by Travis Raciti Luxmore Real Estate #02246639