Berkeley, CA 94702
$1,198,000
Bed
0
Bath
0
Living Space
2,352 SqFt
Year Built
1942
Lot Size
5,450 SqFt
Days
8
Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).
Listing provided courtesy ofEymon Binesh License 02060059 Marcus & Millichap
Data provided by MLSListings Inc.
- Longfellow Arts And Technology Middle School (Middle) - GreatSchools rating 8/10 - Berkeley High School (High) - GreatSchools rating 9/10 - Oxford Elementary School (Elementary) - GreatSchools rating not listed School District: Berkeley Unified School District
San Pablo Park is a large community park located within 1 mile, offering vast green spaces, tennis and basketball courts, baseball fields, and a playground. James Kenney Park and Berkeley Way Mini-Park are also nearby.
The property is located in the West Berkeley neighborhood, specifically along the San Pablo Avenue corridor. This area is known for its vibrant commercial district with numerous local restaurants, cafes, and retail shops, contributing to a strong renter demand. The neighborhood offers a diverse mix of housing and a slower-paced atmosphere, appealing to those who enjoy outdoor activities and a quieter environment.
This location has a Walk Score of 95 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is 72 out of 100, signifying excellent transit with convenient options for most trips. Nearby transit includes AC Transit bus lines such as the 72 Hilltop - CCC - San Pablo and 72R San Pablo Rapid, as well as BART (Bay Area Rapid Transit) with multiple lines accessible within 0.5 miles.
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.
- Longfellow Arts And Technology Middle School (Middle) - GreatSchools rating 8/10 - Berkeley High School (High) - GreatSchools rating 9/10 - Oxford Elementary School (Elementary) - GreatSchools rating not listed School District: Berkeley Unified School District
San Pablo Park is a large community park located within 1 mile, offering vast green spaces, tennis and basketball courts, baseball fields, and a playground. James Kenney Park and Berkeley Way Mini-Park are also nearby.
The property is located in the West Berkeley neighborhood, specifically along the San Pablo Avenue corridor. This area is known for its vibrant commercial district with numerous local restaurants, cafes, and retail shops, contributing to a strong renter demand. The neighborhood offers a diverse mix of housing and a slower-paced atmosphere, appealing to those who enjoy outdoor activities and a quieter environment.
This location has a Walk Score of 95 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. The Transit Score is 72 out of 100, signifying excellent transit with convenient options for most trips. Nearby transit includes AC Transit bus lines such as the 72 Hilltop - CCC - San Pablo and 72R San Pablo Rapid, as well as BART (Bay Area Rapid Transit) with multiple lines accessible within 0.5 miles.
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.
