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Listed by Thomas Garabedian Cone • Red Oak Realty
$ 1,200,000
Est. payment /mo
Active
2624 Sacramento St Berkeley, CA 94702
3,840 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $312
Subdivision Central Berkeley
MLS Listing ID 41108521
HOA Y/N No
Year Built 1922
Lot Size 6,625 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Floor Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood, Tile, Engineered Wood
Fireplace No
Building
Lot Description Corner Lot, Level
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