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1640 7th Street, Berkeley, CA

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1640 7th Street

Berkeley, CA 94710-1809 - Northwest Berkeley MF Submarket


Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1936
Stories:2 Building Size:4,830 SF Land Area:.09 AC (3,920 SF)
For Sale Price:$1,888,888 Price/Unit:$314,814.67 Cap Rate:3.68 % GRM:-

Parking:1.24 Parking Spaces / 1,000 SF



Sale Notes:
Fantastic location in one of Berkeley's most coveted area in Oceanview/4th Street area. Walking distance to trendy and upscale 4th street shopping area with stores like Apple, Bette's Oceanview Diner, Iyasare, Peet's Coffee, Sur La Table, Z Gallerie, Whole Foods and much more. Close to the Berkeley Marina and North Berkeley BART. UC Berkeley is also close by. North-side of University Ave. Tremendous growth location.

Two buildings on one lot. A duplex and a fourplex and two storage units. Large units. Good layout. New Fence!
Large level rectangular lot. Two extra storage shed in the rear for additional income. Over $200,000 in improvements. Newer stucco, Newer windows, sheer wall bolted on fourplex, newer roof on duplex. Separate PG&E meters and separate Water meters! Excellent upside potential. Pride of ownership. Very good investment opportunity.

Weather around this apartment is always pretty cool by the bay. Pro Forma cap is 8.37%. Very good upside.

Offer reviewed as it comes. Please write offer subject to inspection. Pre-escrow opened with Old Republic Title Company (Escrow # 1117019327 - Jennifer Hinkle). Email offers to kylec@platinumri.com. For questions, please text or call Kyle 510-502-2288.

Square footage of lot and units have not been verified by seller or listing agent.

Chuah Law Firm / Platinum Realty & Investments
Kyle Chuah
(510) 502-2288




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