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Alliance Bay Realty
2433 San Pablo Avenue, Berkeley, CA 94702
- $1,198,000
- 2,352
- SqFt
- List Price
- $1,198,000
- Days on Market
- 0
- MLS#
- ML82063627
- Living Sq. Ft
- 2,352
- Lot Size
- 5,450
- Type
- Multifamily
- Zip
- 94702
- city
- Berkeley
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).
Additional Information
- Building Type
- Quadruplex
- School District
- Berkeley (510) 644-6150
- High School
- Berkeley (510) 644-6150
- Elementary School
- Berkeley (510) 644-6150
- Neighborhood
- Ca
- Heating
- Natural Gas
- Cooling
- No Air Conditioning
- Year Built
- 1942
- Water Sewer
- Public
- Acres
- 0.13
- Roof
- Rolled/Hot Mop
Mortgage Calculator
Listing courtesy of Eymon Binesh from Marcus & Millichap. 650-546-1030
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