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$2,699,999
Est. payment /mo
12 Beds
8 Baths
4,135 SqFt
UPDATED:
10/30/2024 09:52 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,135 sqft
Price per Sqft $652
MLS Listing ID EB41076991
Bedrooms 12
Originating Board Bridge MLS
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
Area Other Area
Interior
Heating Wall Furnace
Cooling Air Conditioning - None
Flooring Tile, Wood
Laundry Washer, Dryer
Exterior
Exterior Feature Stucco, Wood Shingles
Parking Features Off-Street Parking
Garage Spaces 3.0
Roof Type Rolled Composition
Building
Lot Description Regular
Sewer Sewer - Public
Water Public
Others
Tax ID 58-2188-7
Special Listing Condition Not Applicable
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Listed by Xiuju Sun • Compass
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Sharad Gupta
Broker | License ID: 02213637
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