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LPT Realty

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

$ 1,850,000

Est. payment | -/mo

4 Baths

3,542 SqFt

Save

$ 1,850,000

Est. payment | -/mo

Save

4 Baths

3,542 SqFt

Key Details

Property Type Multi-Family, 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 4

Year Built 1895

Lot Size 4,600 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Raised

Sewer Community Sewer / Septic

Water Individual Water Meter

Others

Tax ID 57-2050-17-2

Special Listing Condition Not Applicable

Schools and Properties Nearby

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+1(877) 366-2213

support@lpt.com

1400 S International Parkway Suite 1020, Lake Mary, FL 32746, USA

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2001 Haste ST Berkeley, CA 94709