To access marketing package copy/paste: https://bit.ly/kitehillre
Tours by Appointment Only
- Attractive Unit Mix: This well-balanced property features three spacious 2-bedroom units, three comfortable 1-bedroom units, and one unique 2-bedroom, 1.5-bath unit—ideal for a diverse tenant base.
- Extensively Renovated: Recently upgraded throughout with fully permitted improvements including new siding, roof, plumbing, electrical systems, energy-efficient windows, decks, stairs, and tankless water heaters—offering long-term durability and reduced maintenance costs.
- Strong Income Performance: Fully leased and currently generating over $15,000 per month in rental income, with an estimated 30% upside in potential rents—an excellent opportunity for both cash flow and appreciation.
- Convenient Off-Street Parking: Provides 3 to 5 off-street parking spaces, a valuable amenity that enhances tenant satisfaction and supports strong occupancy.
- Onsite Laundry Facility: Coin-operated laundry on premises adds convenience for tenants and generates additional passive income.
- Prime North Berkeley Location: Situated in one of Berkeley’s most sought-after neighborhoods—just a short walk to UC Berkeley, local dining, shopping, and public transit—
offering exceptional walkability and long-term rental demand.
Located at 2215 Cedar Street in the heart of North Berkeley, this property offers an excellent unit mix, consisting of six 1-bedroom units and one spacious 2-bedroom unit. This combination provides a versatile rental opportunity, catering to a range of tenants. Each unit has been extensively renovated, with modern finishes and upgrades that make them highly attractive in today’s market. The improvements, which include new siding, a new roof, plumbing, electrical systems, windows, decks, stairs, and tankless water heaters, were all completed with permits, ensuring quality and compliance.
The property is fully occupied and currently generates over $17,000 per month in rental income, with significant upside potential. With an estimated 15% to 20% increase in rents, there is ample room for growth in cash flow. Additionally, the property includes 1:1 off-street parking for tenants, providing convenience and ensuring a hassle-free living experience. Onsite coin-operated laundry facilities are available for tenant use, adding extra value and ease to everyday living.
Situated just a short walk from UC Berkeley, 2215 Cedar Street offers an A+ location that is highly sought after by students and professionals alike. The combination of a well-maintained property, strong rental income, and its proximity to the university and local amenities make this property a standout investment opportunity in one of Berkeley’s most desirable neighborhoods.