1643 Oxford St, Berkeley, California 94709, Berkeley, 94709 - 0 bed, 0 bath
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Berkeley, California 94709
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,600,000—positioned well below the $1,613,567 Fair Market Value by 0.84%. This valuation gap offers $13,567 in Instant Equity. Featuring a Condition Rating of 3, the property includes a New Roof and Renovated Kitchens, ensuring immediate rental readiness. With nine total bedrooms in a high-demand UC Berkeley location, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking stable, long-term cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1643 Oxford St Subject | $1,600,000* List Price | 0 | 0 | 3,152 | $513 | - |
A 2421 Hilgard Ave Sold | $1,610,000 | 0 | 0 | 2,890 | $557 | 0.2 mi |
B 2558 Hilgard Ave Active | $1,995,000 List Price | 0 | 0 | 3,135 | $636 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1912, the property is well-maintained with a new roof and two of the three kitchens recently renovated. The inclusion of new carpets and positive inspection reports indicates the systems and structure are functional and move-in ready for a rental asset.
Situated in the highly desirable Northside neighborhood just steps from UC Berkeley, the property is perfectly positioned to capture consistent rental demand from graduate students and faculty.
With two units delivered vacant and recent capital improvements including a new roof and renovated kitchens, investors can achieve market-rate rents immediately with minimal initial turnover costs.
The triplex layout offers nine total bedrooms, providing a high-density rental model that maximizes cash flow in a market with limited new construction and high barriers to entry.
Built in 1912, this Craftsman property may require ongoing maintenance and potential upgrades to aging systems that are typical of century-old structures.
The five-bedroom unit is served by only 1.5 bathrooms, which may be a competitive disadvantage for high-occupancy student housing where modern tenants prefer more facilities.
*** Call For Offers July 15th *** + 3 units, 3.36K SF @ $1.6M, 6.15% cap rate ($98.3K Pro Forma Net Operating Income, $147.3K Gross Income, 33.2% OpEx due to individually metered utilities), 10.86 GRM, $475/SF. + Three Units: Unit A: 1bd/1ba @ $1550/mo; Unit B: 3bd/1ba (vacant) @ $4000/mo ($1333/bedroom, single occupancy); Unit C: 5bd/1.5ba (vacant) @ $6300/mo ($1260/bedroom, single occupancy). + Great starter investment property allowing residential financing as low as 3.5%-20% down, get the right mix of renters to increase rents to $1450+/bedroom + Download the OM and see the positive Inspection Reports from Disclosures.io: https://app.disclosures.io/link/1643-Oxford-Street-k5mv2js4 + High Demand Student Housing Asset Steps Away From The #1Rated Public University + Classic 1913 Craftsman Triplex in Desirable Northside Neighborhood + Three (3) Units; Nine (9) Total Single Occupancy Bedrooms + Two Units delivered vacant: (3bd/1ba) & (5bd/1.5ba) + 4 parking spaces; W/D Laundry Connections in Basement + New Roof; 2 of 3 Kitchens Renovated; New Carpets; Great Inspection Reports + Close to the Original Peets Coffee, Chez Panisse and other iconic Berkeley Restaurants + North Berkeley tends to attract graduate and hard sciences students (lower costs, higher margins) + Limited new construction in Northside Neighborhood - - strengthening long term rent prospects Open House tour of the vacancies will be provided on Saturday June 27th and June 28th. We will also provide tours of the vacancies upon request from qualified buyers. Full tour of the property will be provided upon receipt of qualified offer. Disclosures file will be updated as additional files arrive but today (June 16th) it contains the OM, pest inspection and home inspection.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,152 | 2,392 |
| Lot Size | 6,210 | 5,520 |
| Price | $1.60M | $1.19M |
| Price per sq ft | $508 | $542 |
| Built year | 1912 | 1924 |
| HOA | $0 | $0 |
| Days on market | 36 | 48 |
Jun 16, 2026
$1,600,000
Initial Listing