1337 University Ave new Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94702-1763
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41085101
HOA Y/N No
Year Built 1944
Lot Size 10,149 Sqft
Property Description
Two adjacent fourplexes in the heart of Berkeley's commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. At just $675K per fourplex ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley's strongest rental markets. Buy one or both!
Location
State CA
County Alameda
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater,Dryer,Washer
Exterior
Total Parking Spaces 8
Building
Lot Description Street Level
Others
Tax ID 5720737