
Berkeley, California 94702
This Four-Unit Multifamily Asset represents a High-Potential Investment Opportunity, listed at $1,195,000. While currently priced slightly above the $1,151,404 Fair Market Value, the property offers significant stability through a 6.61% Cap Rate and a Condition Rating of 2. With three units fully renovated and one delivered vacant, it provides immediate rental upside. The rare eight-space off-street parking and proximity to major transit hubs make this a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property in Southwest Berkeley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2933 Stanton St Subject 0 bd · 0 ba · 2,664 sqft · $432 | $1,195,000* List Price | 0 | 0 | 2,664 | $432 | - |
A 1268 Alcatraz Ave Sold 0 bd · 0 ba · 2,850 sqft · $388 · 0.5 mi | $1,105,000 | 0 | 0 | 2,850 | $388 | 0.5 mi |
B 1241 1241b Ashby Ave Sold 0 bd · 0 ba · 0 sqft · 0.3 mi | $1,050,000 | 0 | 0 | 0 | 0.3 mi | |
C 1226 Haskell St Pending 0 bd · 0 ba · 2,390 sqft · $458 · 0.4 mi | $1,095,000 List Price | 0 | 0 | 2,390 | $458 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Three of the four units have been fully renovated with modern kitchens, bathrooms, and new flooring within the last 5 years. The property also features significant recent system and exterior upgrades, including new electrical subpanels, new windows, and fresh paint.
Boasting an impressive 6.61% Cap Rate, this property offers exceptional cash flow potential for the Berkeley market, further bolstered by one renovated unit delivered vacant for immediate market-rate leasing.
Three of the four units have been fully modernized with updated kitchens, bathrooms, and electrical subpanels, complemented by building-wide upgrades including new windows and fresh exterior paint.
The provision of eight off-street parking spaces—a rare two-to-one ratio for a Berkeley quadruplex—serves as a significant value-add and a major competitive advantage for tenant retention.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3849, other record lot size in square feet = 4000.
Despite recent unit updates, the 1944 construction date suggests that underlying structural or plumbing systems may eventually require maintenance typical of mid-century buildings.
With a lot size of 3,849 square feet largely dedicated to the building footprint and eight parking spaces, there is minimal green space or communal outdoor area for tenant use.
Four-unit multifamily property in Southwest Berkeley, 6.61% Cap Rate! The building features four (4) two-bedroom, one-bathroom units, three of which have been fully renovated with updated kitchens and bathrooms, new flooring, modern finishes, and new electrical subpanels. Two units also feature in-unit washers and dryers. Recent building improvements include new windows, fresh exterior paint, and updated landscaping. The property offers eight (8) off-street parking spaces and tenant storage lockers. One renovated unit will be delivered vacant, allowing an owner-occupant to move in or an investor to lease it at market rent. With extensive recent improvements, ample parking, and rental upside, the property offers an attractive opportunity for both owner-occupants and long-term investors. The property is located in Southwest Berkeley, just north of Ashby Avenue near Sacramento Street. The property is conveniently located near San Pablo Park and a variety of shopping, dining, and grocery options along Sacramento Street and the Ashby corridor. Berkeley Bowl West, Fourth Street, and Bay Street in Emeryville are all a short drive away. Commuters benefit from access to Ashby BART, multiple AC Transit lines, and nearby I-80 and I-580, providing connectivity throughout the Bay Area. The property also offers easy access to UC Berkeley, Downtown Berkeley, and major employment centers in Emeryville and West Berkeley. Over 42,000 residents within a one-mile radius and average household incomes exceeding $146,000.
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 | 2,664 | 2,492.071 |
| Lot Size | 3,849 | 4,591.214 |
| Price | $1.20M | $1.08M |
| Price per sq ft | $449 | $463 |
| Built year | 1944 | 1931 |
| HOA | $0 | $0 |
| Days on market | 5 | 147 |
Oct 19, 2026
$1,195,000
Initial Listing
Feb 2, 2021
$1,015,000
Public Record
Jul 27, 2007
$760,000
Public Record
Apr 4, 2003
$570,000
Public Record
May 5, 1997
$209,500
Public Record