$1,800,000
$1,600,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
4,896 Sqft Lot
SOLD DATE : 10/04/2024
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41070765
Sold Date 10/04/24
HOA Y/N No
Year Built 1926
Lot Size 4,896 Sqft
Property Description
This property features four (4) total units comprised of spacious 2bd/1bth apartments that are approximately 1,000 SF each. Each unit is separately metered for gas, electricity, and water, keeping owner expenses to a minimum. All units are delivered vacant and can be renovated and rented at market rents, providing a huge value-add opportunity for investors. There is strong potential for rental income growth and appreciation, given the property’s desirable location and scarcity of similar offerings in the area. This is an incredible investment for an owner-occupant, long-term rental, short-term rental, or student housing provider. Situated in a prime Berkeley location, it is a short walk to UC Berkeley and Downtown Berkeley’s best shops, restaurants, and transportation options. Deferred maintenance may include but is not limited to roof, plumbing, electrical, dry rot, seismic, etc. as outlined in the inspection reports and disclosures. Email agent on property website for more info. Showing today: Friday 8/23 from 1pm - 2:30pm
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Garage Other
Parking Type Other
Total Parking Spaces 4
Others
Tax ID 58218123
Financing Cash
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Bought with Steven Pinza • The Pinza Group, Inc
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Broker Associate | Lic# 01905244