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Listed by Willem Bos • COMPASS
$1,175,000
Est. payment /mo
2,413 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 2,413 sqft
Price per Sqft $486
MLS Listing ID EB41068194
Originating Board Bridge MLS
Year Built 1910
Lot Size 6,000 Sqft
Property Sub-Type Five or More Units
Property Description
This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Location
State CA
County Alameda
Area Other Area
Interior
Cooling Other
Flooring Other
Laundry Other
Exterior
Exterior Feature Other
Parking Features Detached Garage, Other
Garage Spaces 8.0
Roof Type Other
Building
Lot Description Other
Water Other
Others
Special Listing Condition Not Applicable
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Sharad Gupta
Broker | License ID: 02213637
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