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Listed by Joey Wang • Keller Williams Realty
$ 750,000
Est. payment | /mo
2,362 SqFt
$ 750,000
Est. payment | /mo
2,362 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,362 sqft
Price per Sqft $317
MLS Listing ID 41085207
HOA Y/N No
Originating Board Bridge AOR
Year Built 1943
Lot Size 5,150 Sqft
Property Sub-Type Quadruplex
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. 1337 for $600K, 1347 for $750K ($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, Hot Water
Cooling No Air Conditioning
Flooring Hardwood, Partial Carpeting, Tile, Vinyl
Fireplace No
Window Features Window Coverings
Appliance Dryer, Washer, Gas Water Heater
Laundry Dryer, Gas Dryer Hookup, Laundry Closet, Washer, Washer/Dryer Hookups, Inside, Washer/Dryer Stacked Incl
Building
Lot Description Level, Landscape Front, Paved
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227