$2,098,000
$72K PRICE DROP

Estimated payment $13,785/month

Total Views 4,137
-- Bed
-- Bath
5,346 Sq Ft
$392 Price per Sq Ft

Highlights

  • 0.19 Acre Lot
  • Wood Flooring
  • No HOA
  • Rosa Parks Elementary School Rated A
  • Corner Lot
  • Heating Available

About This Home

To access the marketing package copy/paste: . Nestled in the desirable Gilman District of Berkeley, 1412 Ninth Street is a well-maintained, 1958-vintage apartment building consisting of two fourplexes on a single lot. This property offers an ideal unit mix with (4) spacious 2-bedroom, 1-bath units and (4) cozy 1-bedroom, 1-bath units, providing a diverse and appealing living arrangement for tenants. On-site amenities include a coin-operated laundry facility, ample storage, and parking for up to 6 vehicles, ensuring convenience and comfort for residents. With a strong income potential, the property generates an average of over $1,900 per month per unit. There is also substantial upside in both gross rents, with a 20% potential increase, and Net Operating Income (NOI), which could rise by 30%. This makes 1412 Ninth Street a promising investment opportunity with plenty of room for growth in rental income. The property has been thoughtfully updated, with over half of the units featuring modern finishes. In addition, extensive capital improvements have been made, including updated bathrooms, new plumbing and electrical systems, roof replacements in 2012 and 2016, new energy-efficient windows, water heaters, and appliances.

Listing Agent

Jatin Mehta

Kite Hill Real Estate License #02045713

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,450 Sq Ft Lot
  • Corner Lot

Home Design

  • Stucco

Flooring

  • Wood Flooring

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • Covered Parking

Utilities

  • No Cooling
  • Heating Available

Community Details

  • No Home Owners Association
  • 5,346 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Year Built: 1958
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.19
  • Directions: Google Maps
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Basement: None
  • Basement YN: No
  • Fireplace: No

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Covered
  • Total Parking Spaces: 7

Utilities

  • Heating: Electric
  • Utilities: Wired For Cable TV, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
  • Cooling: None
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 8450
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: none

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Price Changed $2,098,000 -3.3% $392 / Sq Ft
02/28/2025 02/28/25 For Sale $2,170,000 -- $406 / Sq Ft
Source: bridgeMLS

Source: bridgeMLS

MLS Number: 41087703

bridgeMLS