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    2321 Blake St

    Berkeley, CA 94704
    • $2,950,000
    • STATUS: Active
    • ON SITE: 245 days
    • ID#: 40896604
    $2,950,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Location! Location! Location! Rarely available South Campus location. A short 10 minute walk to UC Berkeley! Excellent investment property due to increasing UC student housing demands. Fantastically convenient location just 1 block off Telegraph and stones throw away from all conveniences of campus life. The building consists of 6 units, 5 legal and 1 non conforming unit of varying layouts and sizes. 2 of the units have access to a deck and rear stairs to the back patio area. Parking pad in the rear can accommodate 6 cars providing additional income. Laundry hookups in storage closet under the building. All units separately metered for PG and E. Owner pays trash, water and CAM. List price reflects a 4% CAP and just over 16 GRM. Terrific upside potential due to upside in rents plus irreplaceable location. Hurry and don't miss!

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T23:39:53.677.

    www.lucasgphomes.com/homes/103509466
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    2321 Blake St Berkeley, CA 94704

    • Price: $2,950,000
    • Status: Active
    • ID#: 40896604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1900
    Built
    Neighborhood:
    South Campus
    County:
    Alameda
    Area:
    Berkeley
    Property Description
    Location! Location! Location! Rarely available South Campus location. A short 10 minute walk to UC Berkeley! Excellent investment property due to increasing UC student housing demands. Fantastically convenient location just 1 block off Telegraph and stones throw away from all conveniences of campus life. The building consists of 6 units, 5 legal and 1 non conforming unit of varying layouts and sizes. 2 of the units have access to a deck and rear stairs to the back patio area. Parking pad in the rear can accommodate 6 cars providing additional income. Laundry hookups in storage closet under the building. All units separately metered for PG and E. Owner pays trash, water and CAM. List price reflects a 4% CAP and just over 16 GRM. Terrific upside potential due to upside in rents plus irreplaceable location. Hurry and don't miss!
    Exterior Features

    Additional Misc Features Balcony/PatioExtra StorageGarden Exterior Wood Siding Lot Description LevelRegular Parking Description Parking Area Parking Spaces Total 6 Roof Unknown

    Interior Features

    All Units Have Oven Range Free StandingRefrigerator Basement None Bathrooms Unit1 1 Bathrooms Unit2 1 Bathrooms Unit3 1 Bathrooms Unit4 1 Bathrooms Unit5 1 Bedrooms Unit1 1 Bedrooms Unit2 0 Bedrooms Unit3 2 Bedrooms Unit4 2 Bedrooms Unit5 2 Cooling None Dining Room Unit2 Yes Fireplace Unit2 Yes Flooring CarpetLinoleumTileWood Heating Gas Laundry Washer/Dryer Hookups Range Oven Unit1 Yes Range Oven Unit2 Yes Range Oven Unit3 Yes Range Oven Unit4 Yes Range Oven Unit5 Yes Refrigerator Unit1 Yes Refrigerator Unit2 Yes Refrigerator Unit4 Yes Refrigerator Unit51 Yes Some Units Have DeckDisposalOven Range Free StandingRefrigeratorUpdated Kitchen

    Property Features

    Annual Expense Year 54782 Annual Gross Fee Income 177825 Annual Gross Sched Income 175825 Annual Insurance Expense 2078 Annual License Expense 805 Annual Maintenance Exp 500 Annual Management Expense 8894 Annual Miscellaneous Inc 7200 Annual Rental Inc 170625 Annual Taxes 36285 Annual Total Oper Exp 54782 Annual Utility Expense 3480 Annual Vacancy Expense 3 Building Type 5 Or More Units City Transfer Tax Yes Equipment Additional Water Heater GasWindow Coverings Existing Lease Terms None Financial Data Source EstimatedOwnerProjected Gross Oper Actual Inc 177825 Net Operating Income 117711 Operating Expenses ElectricGasInsuranceMaintenance/RepairManagementProperty Tax/AssessmentsTrash RemovalUtilitiesVacancy FactorWater Other Annual Expense 1000 Point Of Sale Ordinance Yes Rent Unit1 2000 Rent Unit2 2200 Rent Unit3 3800 Rent Unit4 1590 Rent Unit5 2600 Separate Meters ElectricGas Special Information None Tenant Pays ElectricGasParking Tot Bldg Sq Ft 3444 Total Deposits 3392 Water Sewer Sewer System - PublicWater - Public

    Listing courtesy of Monica Chung of Andersen, Jung & Co..


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T23:39:53.677.

     
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