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1804 62nd Street, Berkeley, CA

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1804 62nd Street

Berkeley, CA 94703-2734 - South Berkeley MF Submarket


Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1915
Stories:2 Building Size:4,422 SF Land Area:.07 AC (2,831 SF)
For Sale Price:$1,750,000 Price/Unit:$291,666.67 Cap Rate:5.23 % GRM:-

Parking:-
4,422 SF is available to occupy upon purchase.


Location Corner: SE


Property Description: Multi Family - 6 Units




Sale Notes:
1804 62ND STREET is a seven (7) unit mixed-use property located in the highly desirable Bushrod Park
neighborhood of Berkeley, California.

Built in 1915, 1804 62nd Street is conveniently located in close proximity to Ashby BART, Highway 24 and close to the upscale Rockridge Neighborhood of Oakland. The property is a three (3) story structure built on a concrete perimeter foundation with wood frame construction and wood siding/stucco exterior. The building measures approximately 4,422 gross square feet and is set on one 2,835 square foot lot. The property consists of six (6) one bedroom/one bathroom units ranging in size from approximately 725 square feet to 900 square feet. The property also has a ground floor commercial space that is approximately 1,250 square feet (currently vacant.)

Recent capital improvements to the property include: remodeled units, exterior paint, new dual pane vinyl windows on the ground floor commercial space, a new roof, and voluntarily seismic retrofit. In addition, the sewer lateral is currently in compliance (2015.)

CONTACT AGENT FOR OFFERING MEMORANDUM

Bay Apartment Advisors
Kristopher Lamont
(510) 879-7344




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