Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1922
Sq.Footage
N/A
This 9-unit multi-residential building was built in 1920 and is centrally located in Berkeley on Sacramento Street, just minutes from UC Berkeley's campus, BART, downtown Berkeley, and Berkeley Bowl. Unit mix includes nine (9) studio apartments, of which four (4) have been thoughtfully updated with modern kitchens and baths. The remaining five (5) units are rented below market and present an opportunity for the next owner to make improvements upon tenant turnover and capture a tremendous upside in rents.* Property includes a shared backyard space and three separately rented garage units. Each unit has its own 40-gallon gas water heater and is separately metered for gas and electricity, which tenants pay for. The owner is responsible for the water. Tenants enjoy easy access to public transit with an AC Transit bus line nearby, and several cafés and restaurants located nearby at the intersection of Dwight and Sacramento. This is a rare opportunity for a savvy investor to acquire a high-upside potential asset in a high-demand rental market anchored by world-class education, culture, and dining. *Buyer to investigate.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Floor Furnace
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Pool
No
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.1521
-
Property Type
Residential Income
Price
-
Sales Price
$1,200,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Alameda
Elementary School
Middle School
High School
Listing Courtesy of Thomas Garabedian Cone , Red Oak Realty
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