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$2,699,999
Est. payment /mo
6,250 Sqft Lot
UPDATED:
12/05/2024 03:28 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41076991
HOA Y/N No
Year Built 1920
Lot Size 6,250 Sqft
Property Description
Great opportunity! A truly remarkable fourplex with 4 enormous flats on a huge level lot nestled in the heart of the famous Berkeley Gourmet District (Chez Panisse, Cheeseboard Collective, Original Peet's), located 2 blocks north of the UC Berkeley Campus and 4 blocks east of bustling Shattuck Ave. Each unit is approx 1,000 square feet, with separate large living room, formal dining room, big bedroom, breakfast nook, and formal entry halls. The larger-than-average units will always be in strong demand with a large, rotating pool of student renters willing to pay top-dollar to get the most from their collegiate experience. Lot is 6,250 square feet, enough space for possible ADU or additional units. It’s paradise! UC campus, BART, and a myriad of fine Berkeley cuisine are all just a stone’s throw away. With a WalkScore of 97 and BikeScore of 93. All the units will be vacant by 7/31/2025. This ideal geographic location means the new owner can command monthly rents higher than average in Berkeley’s rental market. Current occupants generate an impressive amount of cash flow (approximately $20,000 per month, all UCB students)and that number is poised to increase.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Tile, Wood
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features On Street
Roof Type Composition
Total Parking Spaces 3
Building
Lot Description Front Yard
Sewer Public Sewer
Others
Tax ID 5821887
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Listed by Xiuju Sun • Compass
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