$2,178,000
$2,100,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 12/04/2019
Key Details
Sold Price $2,178,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40884765
Sold Date 12/04/19
HOA Y/N No
Year Built 1957
Annual Tax Amount $34,093
Lot Size 10,018 Sqft
Acres 0.23
Property Description
2875 California Street is a ±1957 vintage, eight unit, multifamily property in a strong Berkeley rental market. The building is ±6,024 SF on a ±10,195 SF parcel. All two bedroom units, averaging ±750 SF, with desirable floor plans. Individual PG&E. Gas wall heat and stoves. Separate water meters and heaters. Fully parked. Owned laundry. The 2875 California Street location is in a Berkeley area of strong rental demand. Proximity to BART, freeways and public transit is good. Just 8 minutes, 1.6 miles to Cal. Community retail and services are nearby. Contiguous 1611 Russell Street, 10+ units, is on the market at $2,500,000. Combined, 2875 California and 1611 Russell is 18+ units offered at $4,600,000, equating to $255,556 a unit and a ±5.0% cap rate. Please, see the attached documents for the Offering Memorandum.
Location
State CA
County Alameda
Zoning R-2A
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Others
Tax ID 0531673020
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Bought with RICHARD THOMPSON • CB RICHARD ELLIS