1533 Julia St - Multi-Family FOR SALE


Berkeley, CA 94703- South Berkeley
$1,595,000 USD
408-909-8629
1533 Julia St, Berkeley, CA for Sale
$1,595,000 USD
Multi-Family - FOR SALE
1/19
null | 5.79% Cap Rate

1533 Julia St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • Property Consists of Four Fully Renovated 2bd, 1bth Units on a 4,400 SF Foot Lot in South Berkeley, with Four Off-Street Parking Spaces
  • Three Units Currently Rented at Market Rate, One Unit Delivered Vacant and Available for Immediate Leasing at Market Rate or Owner Move in
  • Newly Installed Concrete Parking Area with a 6-Inch Cement Depth for a Smooth Parking Surface, New Fence, Fresh Paint, and Upgraded Electrical
  • Prime South Berkeley Location - Walker's Paradise Short Walk to UC Berkeley and Downtown Berkeley's Best Coffee Shops, Restaurants and Transportation

OVERVIEW

This exceptional property comprises four meticulously renovated units, each offering two bedrooms and one bathroom, with approximately 660 square feet of living space. Situated on a 4,400 square foot lot, the property features three units currently leased at market rates, while one unit remains vacant and is available for immediate rental at market value. The occupied units provide stable and guaranteed income through housing vouchers. This turnkey investment opportunity is complemented by substantial capital improvements, including the installation of a newly poured concrete surface, fresh paint, a new fence, and minimalist landscaping. Ideally located in the coveted South Berkeley neighborhood, the property is just a short stroll from the University of California, Berkeley, as well as the vibrant dining, shopping, and transportation offerings of Downtown Berkeley. Perfect for an Owner Occupant or Investor.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$604 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,400 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

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