1937 Haste St - Multi-Family FOR SALE


Berkeley, CA 94704- Downtown Berkeley
$1,975,000 USD
510-708-4137
1937 Haste St, Berkeley, CA for Sale
$1,975,000 USD
Multi-Family - FOR SALE
1/7
null | 6.4% Cap Rate

1937 Haste St
Berkeley, CA 94704
Downtown Berkeley


HIGHLIGHTS

  • close to UCB, downtown, and easy public transportation (bart, bus, bike
  • vintage charm combined with updating
  • Central common area garden

OVERVIEW

This is a trustee sale. Former owners used mostly as a family compound over 50 years, and there is no recent rental history. All units delivered vacant; new owner can set market rate rents. Upon lease, units come under rent control. Great potential for long term investment or for a parent/investor who wants to off set housing costs while kid is at UCB, or property has potential to develop as TIC and possibly convert to condos over time. Two units have newly updated kitchens and new or newer appliances. Property is very close to downtown area rich with theaters, restaurants, museums - best Berkeley amenities. There are multiple bus lines within 1.5 blocks, 1/2 miles to BART, and located on the crosstown bike route. All rental income and expenses are estimated based on moderate RentOmeter and averages due to no recent rental history. The property has been vacant for more than one year, since the owner/occupant died. Gas and electric all separately metered, common water, coin op laundry.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

5

PRICE/UNIT

$395,000

CAP RATE

6.4%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

055-1899-005-00

ASK ABOUT THIS PROPERTY

Cameron PlattAbio PropertiesMore Info
510-708-4137

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Cameron PlattAbio PropertiesMore Info
510-708-4137

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