1544-1546 Spruce St - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$1,875,000 USD
949-929-9562
1544-1546 Spruce St, Berkeley, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/26
null | 3.59% Cap Rate

1544-1546 Spruce St
Berkeley, CA 94709
North Berkeley


OVERVIEW

To access marketing package copy/paste: https://bit.ly/kitehillre Open House Schedule Saturday, May 3, 2025 | 12:00PM - 2:00 PM Sunday, May 4, 2025 | 12:00PM - 2:00 PM - Flexible Living Spaces: Includes a spacious 2-bed, 1-bath owner’s unit, a 1-bed, 1-bath unit, and a charming studio—offering versatility for various living arrangements - Three Units Delivered Vacant: Ideal for immediate rental, owner-occupancy, or customization—2-bed unit, 1-bed unit, and studio all delivered vacant at close - Dedicated Parking: Each unit comes with its own off-street parking space for added convenience - Private Outdoor Retreat: Generous backyard area provides a serene space for tenants to relax, garden, or entertain - Major Capital Improvements: Recent enhancements include new siding, windows, updated electrical and plumbing, and efficient building systems - Coin-Operated Laundry On-Site: Convenient shared laundry provides added value and income potential - Unbeatable Location: Just minutes from UC Berkeley, shops, restaurants, and public transit—an ideal spot for students, professionals, and investors alike - Broad Buyer Appeal: Perfect opportunity for investors, owner-occupiers, student housing buyers, or parents seeking long-term housing solutions for UC Berkeley students Located at 1544 Spruce St, this property offers a versatile unit mix that includes a spacious 2-bedroom, 1-bath owner's unit, along with two well-appointed 1-bedroom, 1-bath units. This thoughtful configuration makes it ideal for both homeowners and investors seeking a prime Berkeley location. The units are thoughtfully renovated with modern finishes, providing comfortable, stylish living spaces that meet the needs of today’s tenants. The property comes with the added benefit of off-street parking, with a 1:1 parking ratio for tenants, ensuring convenience and ease of access. Residents will also enjoy a beautiful backyard, a perfect space for relaxation or outdoor gatherings. Whether for individual use or community enjoyment, the backyard adds to the overall appeal of the property, creating an inviting atmosphere for all who live here. Significant capital improvements have been made to ensure long-term value, including brand new siding, windows, electrical systems, plumbing, and more. These upgrades, combined with its exceptional location just a few blocks from UC Berkeley, make 1544 Spruce St an ideal property. It offers a unique opportunity to live in one of the most desirable neighborhoods in Berkeley, with easy access to the university, local amenities, and all that the vibrant city has to offer.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

4

PRICE/UNIT

$468,750

CAP RATE

3.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,247 SF

ZONING

R-2A, Berkeley

APN/PARCEL ID

059-2256-014-00

ASK ABOUT THIS PROPERTY

Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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