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Listed by Timothy Warren • NAI Northern California • 510-336-4712
$ 1,195,000
Est. payment | /mo
2,664 SqFt
$ 1,195,000
Est. payment | /mo
2,664 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,664 sqft
Price per Sqft $448
Subdivision North Of Ashby
MLS Listing ID 41151679
HOA Y/N No
Year Built 1944
Lot Size 3,849 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Four-unit multifamily property in Southwest Berkeley, 6.61% Cap Rate! The building features four (4) two-bedroom, one-bathroom units, three of which have been fully renovated with updated kitchens and bathrooms, new flooring, modern finishes, and new electrical subpanels. Two units also feature in-unit washers and dryers. Recent building improvements include new windows, fresh exterior paint, and updated landscaping. The property offers eight (8) off-street parking spaces and tenant storage lockers. One renovated unit will be delivered vacant, allowing an owner-occupant to move in or an investor to lease it at market rent. With extensive recent improvements, ample parking, and rental upside, the property offers an attractive opportunity for both owner-occupants and long-term investors. The property is located in Southwest Berkeley, just north of Ashby Avenue near Sacramento Street. The property is conveniently located near San Pablo Park and a variety of shopping, dining, and grocery options along Sacramento Street and the Ashby corridor. Berkeley Bowl West, Fourth Street, and Bay Street in Emeryville are all a short drive away. Commuters benefit from access to Ashby BART, multiple AC Transit lines, and nearby I-80 and I-580, providing connectivity throughout the Bay Area. The property also offers easy access to UC Berkeley, Downtown Berkeley, and major employment centers in Emeryville and West Berkeley. Over 42,000 residents within a one-mile radius and average household incomes exceeding $146,000.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile, Vinyl
Fireplace No
Building
Lot Description Rectangular Lot
Water Public
Others
Special Listing Condition Standard
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