Berkeley, CA 94702,1337 University Ave
Listed by Joey Wang • Keller Williams Realty
Bought with Saundra Leonard • KW Bay Area Estates

$825,000

$600,000

37.5%
Est.Price: ?

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Est. payment /mo

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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Bay East AOR and Contra Costa AOR

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agent
Adam Shoop

Broker Associate at Exp Realty | Lic# 1782227

+1(925) 998-1638

2603 Camino Ramon # 200, Ramon, CA,, 94583

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