Berkeley, CA 94702,1347 University Ave

$925,000

Est. payment /mo

$750,000

23.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1347 University Ave Berkeley, CA 94702

4 Beds

2,362 SqFt

SOLD DATE : 04/03/2025

Key Details

Sold Price $925,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,362 sqft

Price per Sqft $391

MLS Listing ID 41085207

Bedrooms 4

Year Built 1943

Lot Size 5,150 Sqft

Property Sub-Type Quadruplex

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. 1337 for $600K, 1347 for $750K ($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, Wall Furnace, Hot Water

Cooling No Air Conditioning

Flooring Hardwood, Partial Carpeting, Tile, Vinyl

Laundry Dryer, Gas Dryer Hookup, Laundry Closet, Washer, Washer/Dryer Hookups, Inside, Washer/Dryer Stacked Incl

Exterior

Exterior Feature Front Yard, Landscape Misc

Utilities Available All Public Utilities, Natural Gas Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter

Building

Lot Description Level, Landscape Front, Paved

New Construction No

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by Joey Wang • Keller Williams Realty
Bought with SaundraLeonard
agent

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

GET MORE INFORMATION

Name
Phone*
Message