1283 University Ave - Apartments FOR SALE


Berkeley, CA 94702- Northwest Berkeley
$1,450,000 USD
650-576-5408
1283 University Ave, Berkeley, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/28
null | 5.16% Cap Rate

1283 University Ave
Berkeley, CA 94702
Northwest Berkeley


OVERVIEW

Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet, offering its tenants have beautifully designed one-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley, and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area, providing close proximity to many of the nation's top tech employers including Twitter, Uber, Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Just Listed | 4 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

057-2081-025-00

ASK ABOUT THIS PROPERTY

Justin FinkMarcus & MillichapMore Info
650-576-5408

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Justin FinkMarcus & MillichapMore Info
650-576-5408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.