1533-1537 Harmon St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$4,795,000 USD
510-926-8771
1533-1537 Harmon St, Berkeley, CA for Sale
$4,795,000 USD
Apartments - FOR SALE
1/19
null | 6.62% Cap Rate

1533-1537 Harmon St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • 11/12 Units Extensively Remodeled & Fully Upgraded Exterior-Roof, Parking Lot, Windows, Balconies, Siding, Garages, and More
  • Separate For PG&E and Water, and RUBS to Offset Small Garbage Costs
  • E3, PSL, and Other Berkeley Requirements Completed
  • Located Near Ashby BART, and Close Proximity to UC Berkeley
  • Completely Turn Key Property, Perfect For Any Investor

OVERVIEW

1533-1537 Harmon Street is a 12-unit, completely turn key, multifamily property located in Berkeley's highly desirable South Berkeley neighborhood. Situated on a 0.71-acre parcel, the property consists of two six-unit apartment buildings with a unit mix of ten 2-bed/1-bath units and two 3-bed/2-bath units with in unit washer dryers. Eleven of the 12 units have been extensively renovated with updated kitchens, bathrooms, flooring, paint, appliances, and other interior improvements, minimizing near-term capital expenditures. The property is separately metered for PG&E and water, helping reduce landlord utility expenses. E3, PSL, and other local requirements have also been completed, reducing future ownership responsibilities. The property has new roofs, windows, asphalt, laundry machines, and more! Conveniently located near Ashby BART, UC Berkeley, Downtown Berkeley, Emeryville, and major commuter routes, the property benefits from strong tenant demand and long-term investment potential. EMAIL INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

FOR SALE DETAILS

PRICE

$4,795,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

12

PRICE/UNIT

$399,583

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated Interiors & Exterior

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,499 SF

ZONING

R-2A

APN/PARCEL ID

052-1536-005-00,052-1536-006-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-926-8771

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Steven PinzaPinza GroupMore Info
510-926-8771

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