2351 San Pablo Ave, Berkeley, California 94702, Berkeley, 94702 - bed, bath
ACTIVE$1,090,000
2351 San Pablo Ave, Berkeley, California 94702
0Bed
0Bath
Sqft
4,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating & Fully Occupied: The property is fully occupied, generating a substantial annual income of approximately $71,000, making it an attractive investment opportunity with immediate cash flow.
Top Cons:
Age of Property & Potential for Deferred Maintenance: Built in 1939, the property is over 80 years old, which may imply a need for significant capital expenditures on major systems (plumbing, electrical, HVAC) and ongoing maintenance to meet modern standards.
Compared to the nearby listings
Price:$1.09M vs avg $1.15M ($-60,000)40%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1939 (86 years old).
Condition: The property was built in 1939, making it 85 years old. While the description notes 'new paint for exterior walls,' there are no interior images or details provided regarding the condition, style, or features of the kitchens, bathrooms, appliances, or other interior components. For a building of this age, without explicit mention of recent major interior renovations, it's highly probable that the interior spaces are outdated and would require minor updates or repairs to meet current standards. The property is fully occupied, suggesting it is functional and habitable, but the lack of interior information prevents a higher score, indicating it's aged but likely maintained through regular upkeep rather than extensive modern renovations.
Year Built
1939
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41064079
Home ConditionFair
Features
Patio
View-
About this home
New paint for exterior walls! Built in 1939, building is 3,010 sq. ft. Lot size 4,500 sq. ft. Fully occupied, annual income is about $71,000.00. 4 parking spaces, iron fence gate with electric openers.Downstairs is commercial space currently use for boxing training. , upstairs and back are residential. Located in the corner of 2 busy streets, good for business and living! Unit 2351 $2596.88/month Unit 2353 $1800.00/month Unit 2351 1/2 $800.00/month Unit 2351 1/2 $725.00/month
Nearby schools
7/10
Washington Elementary School
Public,•K-5•1.0mi
7/10
Jefferson Elementary School
Public,•K-5•1.1mi
6/10
Malcolm X Elementary School
Public,•K-5•1.2mi
5/10
Oxford Elementary School
Public,•K-5•2.0mi
5/10
Thousand Oaks Elementary School
Public,•K-5•2.1mi
7/10
Cragmont Elementary School
Public,•K-5•2.5mi
7/10
Martin Luther King Middle School
Public,•6-8•1.4mi
8/10
Berkeley High School
Public,•9-12•1.1mi
Condition Rating
Fair
The property was built in 1939, making it 85 years old. While the description notes 'new paint for exterior walls,' there are no interior images or details provided regarding the condition, style, or features of the kitchens, bathrooms, appliances, or other interior components. For a building of this age, without explicit mention of recent major interior renovations, it's highly probable that the interior spaces are outdated and would require minor updates or repairs to meet current standards. The property is fully occupied, suggesting it is functional and habitable, but the lack of interior information prevents a higher score, indicating it's aged but likely maintained through regular upkeep rather than extensive modern renovations.
Pros & Cons
Pros
Income-Generating & Fully Occupied: The property is fully occupied, generating a substantial annual income of approximately $71,000, making it an attractive investment opportunity with immediate cash flow.
Mixed-Use Zoning & Diversified Income: Featuring commercial space downstairs (currently a boxing training facility) and residential units upstairs and in the back, this mixed-use property diversifies income streams and appeals to a broader tenant base.
Prime Commercial Location: Strategically located on the corner of two busy streets in Berkeley, the property offers high visibility and accessibility, which is ideal for commercial tenants and enhances its business potential.
Dedicated Parking & Security: The inclusion of 4 dedicated parking spaces and an iron fence gate with electric openers provides valuable convenience and security, a significant advantage in an urban setting.
Recent Exterior Update: The recent exterior paint refresh improves the property's curb appeal and suggests a level of ongoing maintenance, presenting a positive first impression.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1939, the property is over 80 years old, which may imply a need for significant capital expenditures on major systems (plumbing, electrical, HVAC) and ongoing maintenance to meet modern standards.
Noise and Traffic Impact on Residential Units: While beneficial for commercial use, the location on the corner of two busy streets could lead to considerable noise and traffic, potentially impacting the desirability and long-term retention of residential tenants.
Limited Information on Interior Condition: The description primarily highlights exterior updates, leaving the current interior condition of both commercial and residential units largely unspecified, which could indicate a need for future renovations or upgrades.