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.
Multi-familyProperty Type
1895Year Built
4,600 sq ftLot Size
$522Price/Sq.Ft.
4 car garageParking
Listed by Travis Raciti•DRE #02246639• Luxmore Real Estate
Downtown Berkeley, located between UC Berkeley’s campus and the Berkeley Marina, is a civic and cultural Berkeley neighborhood with a BART hub and a dense grid of storefronts. The neighborhood’s character concentrates around Shattuck Avenue at Center Street, where theaters, coffee counters, bookstores, and late-night bites spill light onto the sidewalks. Berkeley Repertory Theatre, the UC Theatre Taube Family Music Hall, and Pegasus Books act as steady pillars for performances and browsing. Mid-century office blocks and older brick facades mix with newer apartment towers, giving the streets a layered skyline. Civic buildings and small plazas create pauses between restaurants and galleries. Transit, bike lanes, and short blocks keep the pace brisk from day to night.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
Four units have one bedroom each.
Bathrooms
Ten units have one full bathroom each.
Heating & cooling
Wall furnace heating.
Parking
Four garage spaces.
Two total parking spaces.
Carport.
Assigned spaces, attached garage, and on-street parking.
Construction
One building.
Raised foundation.
Composition shingle roof.
Utilities
Individual gas meters.
Shared septic.
HOA & community
Barbecue area.
Financial info
Seven units in the community; all seven are leased.
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the Multiple-Family Residential district is to: Implement the General Plan by encouraging development of relatively high-density residential areas; Make available housing for persons who desire both convenience of location and a reasonable amount of usable open space; Protect adjacent properties from unreasonable obstruction of light and air; Permit the construction of residential structures such as dormitories fraternity and sorority houses boarding and rooming houses which meet City requirements for this type of housing; and Permit the construction of specialized care and treatment facilities such as senior congregate housing nursing homes and hospitals when such are not detrimental to the immediate neighborhood.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Other
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 82° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Berkeley, CA • 94709
Average low and high temperatures (°F)
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67
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73
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60
73
56
63
51
59
48
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Feb
Mar
Apr
May
Jun
Jul
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Sun exposure
67/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.2 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Haste
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