Bought with Saundra Leonard • KW Bay Area Estates
$825,000
$600,000
37.5%For more information regarding the value of a property, please contact us for a free consultation.
2,832 SqFt
SOLD DATE : 04/03/2025
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,832 sqft
Price per Sqft $291
MLS Listing ID 41085208
Sold Date 04/03/25
HOA Y/N No
Originating Board Bridge AOR
Year Built 1944
Lot Size 5,000 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 Gas Water Heater
Laundry Gas Dryer Hookup, Laundry Closet, In Unit, Washer/Dryer Hookups
Building
Lot Description Level, Landscape Front, Paved
Water Public
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