Berkeley, CA 94702
$1,198,000
Bed
0
Bath
0
Living Space
2,352 SqFt
Year Built
1942
Lot Size
5,400 SqFt
Days
8
Four-Unit Value-Add Opportunity in Berkeleys West Berkeley Corridor! This uniform four-unit multifamily asset has four 1-bedroom, 1-bathroom apartments at 588 SF each (2,352 SF total) on a 0.12-acre lot, with four dedicated surface parking spaces. Three of the four units are leased (75% occupied), and the vacant unit lets a buyer set it at the $2,500 market rent on day one. In-place rents average ~$2,357 per unit, about 6% below market. In-place NOI of ~$69.6K (5.81% cap, 10.59 GRM) grows to a projected ~$76.3K stabilized NOI (6.37% pro forma cap, 9.98 GRM) as the building leases up and rents reach market. Electric and gas are individually metered, keeping owner-paid utilities low. Located along San Pablo Avenue, one of the East Bays most established residential and commercial corridors, near UC Berkeley, regional transit, and local dining and retail. Zoned C-W (West Berkeley Commercial). Priced at $1,198,000 ($299,500/unit, $509/SF).
Listing provided courtesy ofEymon Binesh License 02060059 Marcus & Millichap
Data provided by MLSListings Inc.
- Oxford Elementary School (Elementary) - GreatSchools rating not listed - Martin Luther King Middle School (Middle) - GreatSchools rating not listed - Berkeley High School (High) - GreatSchools rating not listed School District: Berkeley Unified School District
San Pablo Park is Berkeley's oldest and largest community park, offering vast green spaces, tennis and basketball courts, baseball fields, and a large playground. It is located at 2800 Park St, Berkeley, CA 94702. Haskell-Mabel Mini Park is also nearby.
The property is located in the Poet's Corner neighborhood, which is bordered by University Ave, Sacramento Street, Dwight Way, and San Pablo Avenue. This area is characterized by streets named after poets and is known for its proximity to Strawberry Creek Park. The San Pablo Park neighborhood, known for its calm atmosphere and green spaces, is also nearby.
This location has a Walk Score of 95 out of 100 and a Transit Score of 72 out of 100. Daily errands do not require a car. Nearby transit options include the CC Capitol Corridor rail line, and multiple AC Transit bus lines such as the 51B University - College - Rockridge and the 72 San Pablo Rapid.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Oxford Elementary School (Elementary) - GreatSchools rating not listed - Martin Luther King Middle School (Middle) - GreatSchools rating not listed - Berkeley High School (High) - GreatSchools rating not listed School District: Berkeley Unified School District
San Pablo Park is Berkeley's oldest and largest community park, offering vast green spaces, tennis and basketball courts, baseball fields, and a large playground. It is located at 2800 Park St, Berkeley, CA 94702. Haskell-Mabel Mini Park is also nearby.
The property is located in the Poet's Corner neighborhood, which is bordered by University Ave, Sacramento Street, Dwight Way, and San Pablo Avenue. This area is characterized by streets named after poets and is known for its proximity to Strawberry Creek Park. The San Pablo Park neighborhood, known for its calm atmosphere and green spaces, is also nearby.
This location has a Walk Score of 95 out of 100 and a Transit Score of 72 out of 100. Daily errands do not require a car. Nearby transit options include the CC Capitol Corridor rail line, and multiple AC Transit bus lines such as the 51B University - College - Rockridge and the 72 San Pablo Rapid.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
