Contacts
Monjid Aldiyyat
HomeServices of America
(925) 588-6402
Property Details
- Property Type Multi-Family
- Property Size 9,600 SF
- Units 13
- Lot Size 0.19 Acre
- Parking Spaces Avail. 5
- Property Tenancy Multi-Tenant
- Year Built 1930
- Year Renovated 1950
- Date Updated Jan 19, 2024
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Highlights
- FANTASTIC IN PLACE RENTAL INCOME WITH ADDITIONAL UPSIDE - In-place rents that are roughly 17% below market rates. Impressive 5.65% cash on cash return assuming interest only financing at 6.25%.
- WELL MAINTAINED PROPERTY WITH SIGNIFICANT INTERIOR & EXTERIOR RENOVATIONS - Several units have updated flooring, kitchens, bathrooms as well as new appliances. New roof installed on Victorian building on Prince St.
- POTENTIAL OWNER OCCUPIED OPPORTUNITY - 4 Bedroom 2 Bathroom home provides investor unique opportunity to occupy while offsetting mortgage with remaining rental income.
- SOUTH BERKELEY LOCATION NEAR TRENDY N.O.B.E. DISTRICT - Just blocks from Ashby BART Station & steps from AC Transit Bus Stops and numerous shops and restaurants. Traffic counts in excess of 20,500 VPD along Sacramento Street.
- LOCATED IN OPPORTUNITY ZONE - Possible future redevelopment opportunities to maximize footprint
Getting around
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Location
- City Berkeley, CA
- Neighborhood South Berkeley
- Zip Code 94703
- Market Bay Area
Points of Interest
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Ashby
0.48 miles
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Emeryville
1.08 miles
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Downtown Berkeley
1.38 miles
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North Berkeley
1.55 miles
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Rockridge
1.56 miles
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Berkeley
1.63 miles
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MacArthur
1.71 miles
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19th Street Oakland
3.09 miles
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19th Street BART Street Elevator
3.14 miles
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Oakland City Center - 12th Street
3.37 miles
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BioFuel Oasis
0.12 miles
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Alaska Gas
0.59 miles
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Berkeley Gas & Smog
0.67 miles
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Chevron
0.67 miles
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76
0.68 miles
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Fuel 24:7
0.94 miles
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Arco
0.97 miles
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Mobil
0.98 miles
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76
0.98 miles
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Chevron
1.21 miles
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Tool Library
0.51 miles
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Berkeley Bowl West Parking
0.63 miles
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Berkeley Bowl parking
0.69 miles
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Kaiser Permanente employee parking
0.75 miles
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The Courtyards at 65th Street Garage
0.90 miles
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Grocery Outlet Headquarters
1.09 miles
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Children's Hospital & Research Center Oakland - Parking Garage
1.12 miles
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UCB Parking
1.27 miles
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Vik's Parking
1.29 miles
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Ellsworth Parking Structure
1.30 miles
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Chaparral Motel
0.99 miles
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Rose Garden Inn
1.16 miles
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Downtown Berkeley Inn
1.17 miles
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Hyatt House Emeryville/San Francisco Bay Area
1.18 miles
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Hyatt Place Emeryville/San Francisco Bay Area
1.26 miles
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Howard Johnson Berkeley
1.28 miles
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Four Points by Sheraton San Francisco Bay Bridge
1.28 miles
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Downtown Berkeley YMCA Hotel
1.28 miles
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Hotel Shattuck Plaza
1.31 miles
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Aiden by best western
1.31 miles
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Berkeley Bowl West
0.66 miles
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Berkeley Bowl
0.70 miles
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Gateway Grocery
0.71 miles
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Rocket Restaurant Supply
0.73 miles
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Whole Foods Market
1.00 miles
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Baseline Produce
1.05 miles
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Shattuck Market
1.10 miles
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Public Market
1.12 miles
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Target
1.26 miles
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Mi Tierra
1.33 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Monjid Aldiyyat
HomeServices of America
(925) 588-6402