1533 Julia St - Multi-Family FOR SALE


Berkeley, CA 94703- South Berkeley
$1,295,000 USD
510-822-1331
1533 Julia St, Berkeley, CA for Sale
$1,295,000 USD
Multi-Family - FOR SALE
1/25
null | 7.92% Cap Rate

1533 Julia St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • 4-Unit Apartment Complex with Strong Current Income
  • Four Fully Renovated 2bd/1bth Units with Three Units Rented at Market Rates
  • One Vacant Unit - Perfect for Owner-Occupant
  • Separately Metered For Water and Electric/Gas Providing for Low Annual Operating Expenses
  • Newly Installed Concrete Parking Area, New Fence, Fresh Paint, Upgraded Electrical, and Minimalist Landscaping
  • Prime Berkeley Location - Close to UC Berkeley, Restaurants, Shopping, BART with Easy Access to the Bay Bridge and San Francisco

OVERVIEW

4-unit apartment complex with remodeled units and high cash flow. The unit mix features four 2bd/1bth units with three units currently rented at high market rates. The fourth unit is currently vacant and is perfect for an owner-occupant. The property was originally built in 1962, offers approximately 2,640 square feet of rental space, and sits on a 4,400 square foot lot with room for four off-street parking spaces. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. The units have all been remodeled with newer kitchens and bathrooms, new wood flooring, new fixtures, double pane windows, updated electrical, low-maintenance landscaping, and more. Recent capital improvements include a newer concrete driveway, fresh paint, and a new fence. The occupied units provide stable and guaranteed income through City of Berkeley housing vouchers providing for a safe and predictable investment. This is a high demand South Berkeley rental location near a variety of restaurants, coffee shops, and shopping options. The location is very convenient and is a short distance to UC Berkeley, the Bay Bridge, San Francisco, downtown Oakland, and multiple BART stations. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

7.92%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Julia Street Fourplex

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

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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