1347 University Ave
Berkeley, CA 94702
0.12 acres | #41085207
Description
Two adjacent fourplexes in the heart of Berkeley’s commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. At just $675K per fourplex ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley’s strongest rental markets. Buy one or both!
Property Details
- Lot DescriptionFrontYard, StreetLevel
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Property SubtypeQuadruplex
- Original List Price$750,000
- MLS #41085207
- MLS #41085207
- CountyAlameda
- Acres0.1182
- Cost750000
- Year Built1943
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Joey Wang (#BMLS-R01890931)
Listing Office: Keller Williams Realty (#BMLS-OBBKWR)
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