
Seller's Agent in 2024
Bill Grimason
Winkler Real Estate Group
(510) 326-5800
3 in this area
30 Total Sales
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.
Home Type
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Flooring
Laundry
Utilities
Community Details
Listing and Financial Details
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 |
Seller's Agent in 2024
Bill Grimason
Winkler Real Estate Group
(510) 326-5800
3 in this area
30 Total Sales
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Buyer's Agent in 2024
Jessie Lunsford
Korman & Ng R.e. Services
(707) 704-5422
1 in this area
2 Total Sales
Source: bridgeMLS
MLS Number: 41051364