2334 Browning, Berkeley, CA 94702
- $1,550,000
Listed by Bill Grimason, (510) 326-5800 from Winkler Real Estate Group
(If provided) CoList: from
Sold listing courtesy of Jessie Lunsford from OBKORMAN
- Sold Price
- $1,550,000
- List Price
- $1,679,000
- Closing Date
- Apr 15, 2024
- MLS#
- EB41051364
- Status
- SOLD
- Lot Size
- 6,000
- Listing Area
- Berkeley Map Area 7
- Year Built
- 1962
Property Description
Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley's Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley's vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.
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Additional Information
- Acres
- 0.14
- Age
- 62
- Amenities
- Balcony/Patio
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Exterior Features
- Stucco
- Floor Covering
- Tile, Carpet - Wall to Wall, Hardwood
- Garage Parking
- Off-Site Parking, Parking Area
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- In Laundry Room, Washer, Dryer
- Lot Description
- Regular
- Lot Size
- 6,000
- Neighborhood
- Berkeley Map Area 7
- Numberof Units
- 6
- Unincorporated Yn
- Yes
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