Berkeley Mixed-Use Investment
2822 San Pablo Ave,
Berkeley, CA 94702
 
$1,995,000
Price
10.96
GRM
$285,000
Price Per Unit
7
Number of Units
6.84%
Cap Rate
6,250
Building SF
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$1,995,000
Price
10.96
GRM
$285,000
Price Per Unit
7
Number of Units
6.84%
Cap Rate
6,250
Building SF
2822 San Pablo Ave | Berkeley, CA
Asking Price: $1,995,000
Seven Unit Mixed-Use Investment With Excellent Current Cash Flow and Strong Rental Upside
Attractive Unit Mix With Six 1bd/1bth Units and One Commercial Retail Unit
Low Maintenance Property, Separately Metered For PG&E With Low Annual Expenses
Attractive Berkeley Location Near Many Restaurants, Coffee Shops, And Shopping Options
Perfect for Investors or Future Owner-Users
Property Overview
7-unit mixed use investment with excellent current income and strong rental upside. The unit mix features six 1bd/1bth units and one commercial retail unit. The property was originally built in 1963, offers approximately 6,250 square feet of rental space, and sits on a 6,683 square foot lot with ample room for parking for all the tenants in the rear. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently there is one vacant unit making this perfect for an owner-occupant or an investor looking to lease at top market rates. This is an ideal opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential.
Location Overview
Excellent Berkeley location close proximity to countless restaurants, cafes, and shopping options. Easy access to Downtown Oakland and San Francisco.
FOR MORE DETAILS CONTACT
Steven Pinza
President
(510) 725-4775
Info@PinzaGroup.com
01867691
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