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Additional details
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$4,495,000
Est. payment /mo
5 Beds
5 Baths
12,832 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 12,832 sqft
Price per Sqft $350
MLS Listing ID ML82064817
Bedrooms 5
Full Baths 5
Year Built 1963
Lot Size 0.350 Acres
Property Sub-Type Five or More Units
Property Description
Rare 21-Unit Value-Add Opportunity in the Heart of Berkeley! Located just minutes from UC Berkeley, downtown Berkeley, and major East Bay transit, this 12,832 SF multifamily asset sits on a generous 0.35-acre lot and features a desirable unit mix of studios, one-bedrooms, and two-bedrooms. Current rents sit meaningfully below market, offering an investor significant upside through lease-up and operational optimization. Individually metered electric and gas, carport parking, recent seismic retrofit, and a low-turnover tenant base round out this well-positioned offering in one of the East Bay's most supply-constrained and durable rental markets. Priced at $4,495,000 ($214k/unit), don't miss this chance to acquire a well-located asset with huge upside potential.
Location
State CA
County Alameda
Area Berkeley Map Area 8
Zoning MF
Interior
Heating Gas
Cooling None
Exterior
Parking Features Off-Street Parking
Pool Pool - In Ground
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 054-1806-025-03
Security Features None
Special Listing Condition Not Applicable
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