1337 University Ave Pending Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94702
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $259
MLS Listing ID 41085101
Year Built 1944
Lot Size 10,150 Sqft
Property Sub-Type 5 or More Units
Property 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!
Location
State CA
County Alameda
Interior
Heating Natural Gas,Hot Water,Wall Furnace
Cooling None
Flooring Hardwood,Partial Carpeting,Tile,Vinyl
Laundry Dryer,Laundry Closet,In Kitchen,In Unit,Washer,Washer/Dryer Hookups
Exterior
Utilities Available All Public Utilities,Natural Gas Available,Natural Gas Connected,Individual Electric Meter,Individual Gas Meter
Building
Lot Description Level,Landscape Front,Paved
Sewer Public Sewer
Water Public
New Construction No