REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Eymon Binesh • Marcus & Millichap
$ 1,198,000
Est. payment | /mo
2,352 SqFt
$ 1,198,000
Est. payment | /mo
2,352 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $509
MLS Listing ID ML82063628
HOA Y/N No
Year Built 1942
Lot Size 5,400 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Four-Unit Value-Add Opportunity in Berkeleys West Berkeley Corridor! This uniform four-unit multifamily asset has four 1-bedroom, 1-bathroom apartments at 588 SF each (2,352 SF total) on a 0.12-acre lot, with four dedicated surface parking spaces. Three of the four units are leased (75% occupied), and the vacant unit lets a buyer set it at the $2,500 market rent on day one. In-place rents average ~$2,357 per unit, about 6% below market. In-place NOI of ~$69.6K (5.81% cap, 10.59 GRM) grows to a projected ~$76.3K stabilized NOI (6.37% pro forma cap, 9.98 GRM) as the building leases up and rents reach market. Electric and gas are individually metered, keeping owner-paid utilities low. Located along San Pablo Avenue, one of the East Bays most established residential and commercial corridors, near UC Berkeley, regional transit, and local dining and retail. Zoned C-W (West Berkeley Commercial). Priced at $1,198,000 ($299,500/unit, $509/SF).
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling No Air Conditioning
Fireplace No
Building
Water Public
Schools
School District Berkeley (510) 644-6150, Berkeley (510) 644-6150
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Nearby Locations
GET MORE INFORMATION
Adam Shoop
Broker Associate at LPT Realty Lic# 1782227