1643 Oxford St, Berkeley, CA 94709
- $1,600,000
- 3,152
- SqFt
- List Price
- $1,600,000
- Days on Market
- 42
- MLS#
- 41138568
- Living Sq. Ft
- 3,152
- Lot Size
- 6,210
- Type
- Multifamily
- Zip
- 94709
- city
- Berkeley
Property Description
*** Call For Offers July 15th *** + 3 units, 3.36K SF @ $1.6M, 6.15% cap rate ($98.3K Pro Forma Net Operating Income, $147.3K Gross Income, 33.2% OpEx due to individually metered utilities), 10.86 GRM, $475/SF. + Three Units: Unit A: 1bd/1ba @ $1550/mo; Unit B: 3bd/1ba (vacant) @ $4000/mo ($1333/bedroom, single occupancy); Unit C: 5bd/1.5ba (vacant) @ $6300/mo ($1260/bedroom, single occupancy). + Great starter investment property allowing residential financing as low as 3.5%-20% down, get the right mix of renters to increase rents to $1450+/bedroom + Download the OM and see the positive Inspection Reports from Disclosures.io: https://app.disclosures.io/link/1643-Oxford-Street-k5mv2js4 + High Demand Student Housing Asset Steps Away From The #1Rated Public University + Classic 1913 Craftsman Triplex in Desirable Northside Neighborhood + Three (3) Units; Nine (9) Total Single Occupancy Bedrooms + Two Units delivered vacant: (3bd/1ba) & (5bd/1.5ba) + 4 parking spaces; W/D Laundry Connections in Basement + New Roof; 2 of 3 Kitchens Renovated; New Carpets; Great Inspection Reports + Close to the Original Peets Coffee, Chez Panisse and other iconic Berkeley Restaurants + North Berkeley tends to attract graduate and hard sciences students (lower costs, higher margins) + Limited new construction in Northside Neighborhood - - strengthening long term rent prospects Open House tour of the vacancies will be provided on Saturday June 27th and June 28th. We will also provide tours of the vacancies upon request from qualified buyers. Full tour of the property will be provided upon receipt of qualified offer. Disclosures file will be updated as additional files arrive but today (June 16th) it contains the OM, pest inspection and home inspection.
Additional Information
- Exterior
- Shingle Siding
- Building Type
- Triplex
- Garageparking
- 4-7 Cars
- Laundry
- In Basement, Washer/Dryer Hookups
- Lot Description
- Rectangular Lot
- School District
- Berkeley (510) 644-6150
- High School
- Berkeley (510) 644-6150
- Neighborhood
- Northside
- Heating
- Baseboard, Zoned, Natural Gas
- Cooling
- No Air Conditioning
- Year Built
- 1912
- Water Sewer
- Public
- Flooring
- Carpet, Wood
- Acres
- 0.14
- Roof
- Composition Shingles
Mortgage Calculator
Listing courtesy of Grant Chappell from NAI Northern California. 415-246-4314
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