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$ 1,198,000
Est. payment | /mo
2,352 SqFt
$ 1,198,000
Est. payment | /mo
2,352 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $509
MLS Listing ID ML82063628
HOA Y/N No
Year Built 1942
Annual Tax Amount $20,939
Lot Size 5,401 Sqft
Property Sub-Type Quadruplex
Property Description
Fully Occupied 4-Unit Value-Add Opportunity in Berkeley's West Berkeley Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, with four dedicated 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 (5.40% cap rate) plus clear upside as rents move toward market levels (6.17% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along San Pablo Avenue one of the East Bay's most established residential and commercial corridors supports strong, consistent renter demand. Close to UC Berkeley, regional transportation, and vibrant retail and dining, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in a supply-constrained multifamily market. Priced at $1,198,000 ($299,500/unit, $509/SF).
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning C-W
Interior
Cooling None
Fireplace No
Exterior
Parking Features Off Street
View Y/N No
Accessibility None
Total Parking Spaces 4
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 0561928022
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap #02060059
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "