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Listed by Eric Keena • BHHS Drysdale Properties
$ 2,100,000
Est. payment | /mo
4,755 SqFt
$ 2,100,000
Est. payment | /mo
4,755 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,755 sqft
Price per Sqft $441
Subdivision South Berkeley
MLS Listing ID 41093906
HOA Y/N No
Originating Board BAY EAST
Year Built 1916
Lot Size 10,360 Sqft
Property Sub-Type 5 or More Units
Property Description
Stable cash flow of over $17,800 per month with approximately 10% upside remaining compared to market rents. 6.4% cap rate and 9.8 GRM with a strong 5.4% cash on cash return after financing. Diverse Unit Mix: The property offers an attractive unit mix, including (1) 3-bedroom, 1-bath unit; (1) 2-bedroom, 1 bath unit; (1) 2-bedroom, 2-bath unit; and (5) 1-bedroom, 1-bath units, catering to a variety of tenant demographics. Prime Location Within Desirable School District in Southwest Berkeley Neighborhood: Situated on the corner of Alcatraz and Sacramento, the property benefits from long-term tenant demand and is located within the Berkeley Public School district; a key decision driver for renters with children. Exceptional Walkability and Bikeability: With a Walk Score of 90 and a Bike Score of 93, tenants enjoy easy access to local shops, restaurants, and entertainment options without the need for a vehicle. Proximity to Public Transit: Just a 10-minute walk to Ashby BART Station and a 10-minute bike ride to the University of California, Berkeley, providing convenient transportation options for residents. Contact agent for complete marketing package
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring None
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Level
Water Public
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Real Estate Broker | Lic# 01247701