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Listed by Marcus & Millichap
$ 4,495,000
Est. payment | /mo
12,832 SqFt
$ 4,495,000
Est. payment | /mo
12,832 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,832 sqft
Price per Sqft $350
MLS Listing ID ML82064817
HOA Y/N No
Year Built 1963
Lot Size 0.350 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Natural Gas
Cooling None
Fireplace No
Building
Water Public
Nearby Locations
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