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Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-unit apartment complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing 6 units - including (4) inviting 1-bedroom units and 2 cozy studios - sprawls across approximately 2,736 square feet. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5,200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. The building boasts full occupancy, yielding strong in-place monthly cash flow of $9,424, with the potential for a 42% increase in gross income. Ideally situated along 9th Street, nestled between Addison Street and 8th Street, this complex offers seamless access to the surrounding neighborhood, elevating its desirability among prospective tenants. Its close proximity to the esteemed university renders it a prime choice for students and faculty, while the multitude of dining
Property Type(s):
Multi Family
| Last Updated | 9/13/2023 | Year Built | 1962 |
|---|---|---|---|
| Community | Berkeley Map Area 1 | County | Alameda |
Additional Details
| AIR | No Air Conditioning |
|---|---|
| AREA | Berkeley Map Area 1 |
| BASEMENT | None, Yes |
| CONSTRUCTION | Stucco |
| GARAGE | Off Street |
| HEAT | Electric |
| INTERIOR | Storage |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Regular |
| PARKING | Off Street |
Listed with Jatin Mehta | 949-929-9562, Pellego
Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10/2/23 11:53 PM PDT
This IDX solution is (c) Diverse Solutions 2023.
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