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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 1,198,000

Est. payment | -/mo

2,352 SqFt

Save

$ 1,198,000

Est. payment | -/mo

Save

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 ML82063627

HOA Y/N No

Year Built 1942

Annual Tax Amount $21,589

Lot Size 5,449 Sqft

Property Sub-Type Quadruplex

Property Description

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four 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 (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. 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 0561928021

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Eymon Binesh Marcus & Millichap #02060059

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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2433 San Pablo AVE Berkeley, CA 94702