2212 Sacramento St - Multi-Family FOR SALE


Berkeley, CA 94702- Southwest Berkeley
$3,200,000 USD
650-344-4300
2212 Sacramento St, Berkeley, CA for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/11
null | 12.23% Cap Rate

2212 Sacramento St
Berkeley, CA 94702
Southwest Berkeley


OVERVIEW

Parcel Number: 56-1998-15 and 56-1998-14 Price Per Square Foot: $157 Price Per Unit: $139,130 Building Size: Total: ±20,300 SF (Including the Storage Building) (9) Duplex: ±14,400 Total, ±1,600 SF Each (±800 SF Per Unit) (1) Fourplex: ±2,400 SF (1) House: ±2,700 SF (1) Storage Building: ±800 SF Add value opportunity with below market rents Approximately 1 Mile away from Downtown Berkley Close to Berkeley Amtrak Station (Approximately 5 min drive), North Berkeley BART Station (Approximately 5 min drive), Ashby BART Station (Approximately 6 min drive) Approximately 10 min drive to I-580 Freeway. Electrical upgrade to duplexes and to fourplex completed on 9/9/2022 for $156,150. Replaced copper water lines for units on 04/06/2020 for $48,124.59. Updated and replaced the sewer/drain system for the complex on 03/31/2015 for $15,400. The current CAP Rate is 4.72%, and the estimated market CAP Rate is 12.23%

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

23

PRICE/UNIT

$139,130

CAP RATE

12.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2206-2216 Sacramento St, Berkeley, CA 94702

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,579 SF

ZONING

R-2

APN/PARCEL ID

056-1998-014-00

ASK ABOUT THIS PROPERTY

Andrew PeceimerColdwell Banker Commercial DBA Westbay CommercialMore Info
650-344-4300

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Andrew PeceimerColdwell Banker Commercial DBA Westbay CommercialMore Info
650-344-4300

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