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Testzhe Liu

testzhe.liu@123.com +1(123) 456-7890

Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059

$1,198,000

Est. payment - /mo

4 Beds

4 Baths

2,352 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $509

MLS Listing ID ML82063627

Bedrooms 4

Full Baths 4

Year Built 1942

Lot Size 5,450 Sqft

Property Sub-Type Fourplex

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 Berkeley Map Area 7

Zoning C-W

Interior

Heating Gas

Cooling None

Exterior

Parking Features Off-Street Parking

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 056-1928-021

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Nearby School & Business

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Testzhe Liu

+1(123) 456-7890

Realtor License ID: 01933960

2433 San Pablo AVE Berkeley, CA 94702

Testzhe Liu

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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