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+15624180777
Berkshire Hathaway
2001 Haste Street, Berkeley, CA 94709
- $1,850,000
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- ML82064482
- Year Built
- 1895
- Lot Size
- 4,600
- Acres
- 0.11
- Days on Market
- 9
- Property Type
- Commercial
Property Description
Prime 7-unit multifamily investment opportunity near UC Berkeley! Situated on an approximately 4,500 sq. ft. lot, this 3,542 sq. ft. property features 4 studio apartments and 3 one-bedroom, one-bathroom units. Additional amenities include 4 private garages, 3 uncovered on-site parking spaces, and convenient coin-operated on-site laundry, providing added value and potential supplemental income. Ideally located across from Berkeley High School and near Downtown Berkeley, UC Berkeley, BART, shopping, dining, and entertainment. Strong investment fundamentals with annual gross income of $152,394, NOI of $114,370, a 6.18% cap rate, and a 12.14 GRM. Excellent opportunity to acquire an income-producing multifamily asset in one of the East Bays most established rental markets. An attractive investment offering with a desirable unit mix, ample on-site parking, convenient tenant amenities, and long-term income potential in a prime Berkeley location.
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Additional Information
- Taxes
- $22,779
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Shingle
- School District
- Other
- Elementary School
- Other
- Middle School
- Willard
- High School
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $152,394
Listing courtesy of Listing Agent: Travis Raciti (travraciti@gmail.com) from Listing Office: Luxmore Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.