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(408) 425-9359
Real Estate Company
2433 San Pablo AVE, Berkeley, CA 94702
- $1,198,000
- 4
- BD
- 2,352
- SqFt
Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $1,198,000
- MLS#
- ML82063627
- Status
- ACTIVE
- Zoning
- C-W
- Sqft. of Residence
- 2,352
- Lot Size
- 5,450
- Listing Area
- Berkeley Map Area 7
Property Description
Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).
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Additional Information
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Concrete Perimeter
- Garage Parking
- Off-Street Parking
- Heating System
- Gas
- Living Area
- 2,352
- Lot Size
- 5,450
- Neighborhood
- Berkeley Map Area 7
- Other Utilities
- Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- C-W
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