2633 Regent St - Dormitory FOR SALE


Berkeley, CA 94704- Elmwood
$2,350,000 USD
510-499-1235
2633 Regent St, Berkeley, CA for Sale
$2,350,000 USD
Dormitory - FOR SALE
1/60
null | 6.11% Cap Rate

2633 Regent St
Berkeley, CA 94704
Elmwood


OVERVIEW

Rare Elmwood Compound Near UC Berkeley! Situated on a spacious 7,950 sq ft lot, this exceptional property features two homes plus a detached ADU*, offering ideal flexibility for multi-generational living or investment. Front house: 5BD/2BA Back House: 3+BD/2BA, ADU: Studio. The home has over 10 years of operating history as a student bedroom rental, currently with 18 rented beds throughout the three units grossing $250,000 per year. Future owners can consider converting several current single-tenant bedrooms into doubles, offering a path for a new owner to dramatically increase rental income by approximately 20%. Column 2 of the proforma page reflects this increased 21-bed scenario. Property can be delivered with tenants or vacant.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$606 USD /SF

# OF UNITS

3

PRICE/UNIT

$783,333

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,950 SF

ZONING

-

APN/PARCEL ID

055-1841-023-00

ASK ABOUT THIS PROPERTY

Thomas Garabedian-ConeRed Oak RealtyMore Info
510-499-1235

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Thomas Garabedian-ConeRed Oak RealtyMore Info
510-499-1235

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