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
$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