NOT LISTED FOR SALE
-- Bed
-- Bath
3,814 Sq Ft
6,000 Sq Ft Lot

Last Sold April 15, 2024

Last sale price $1,550,000 $406 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling Available
  • Rosa Parks Elementary School Rated A
  • Skylights
  • 3-minute walk to Bancroft Community Garden

About This Home

As of April 2024

Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.

Last Listed By

Bill Grimason

Winkler Real Estate Group License #00744337 Listed on: 02/29/2024

Winkler Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,000 Sq Ft Lot
  • Rectangular Lot

Parking

  • Parking Lot

Home Design

  • Stucco

Interior Spaces

  • Skylights
  • Insulated Windows
  • Carbon Monoxide Detectors

Kitchen

  • Free-Standing Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 3,814 Sq Ft Building
  • Bridge Aor Association
  • Poets Corner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 561925131

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.14
  • Subdivision Name: POETS CORNER
  • Directions: Between Bancroft and Channing
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Windows
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Carpet
  • Basement: None
  • Appliances: Disposal, Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater
  • Fireplace: No
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: Regular
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Site, Parking Lot

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Utilities: Wired For Cable TV, Natural Gas Available, Individual Electric Meter, Individual Gas Meter
  • Cooling: Ceiling Fan(s)
  • Laundry Features: Dryer, Laundry Room, Washer
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6000
  • Parcel Number: 561925131
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4231/3

Range of Values:

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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
02/04/2025 02/04/25 Off Market $1,550,000 -- --
04/15/2024 04/15/24 Sold $1,550,000 -7.7% $406 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $1,679,000 -- $440 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41051364

bridgeMLS