Key information
-
Units 4
-
Year Built 1943
-
Average Unit Size 591
-
Building Size 2,362
-
Land Area (Sq Ft) 5,150
-
Parking N/A
-
Separate Meters Gas, Electric
Pricing Metrics
Log in to view all information
CAP Rate:
N/A
GRM:
N/A
Price per Unit:
N/A
Price per Square Foot:
N/A
LORE Agent Insights
For the marketing package, go to https://forms.gle/KkKudmgnZkEXC5kY7. Two adjacent fourplexes in the heart of Berkeley’s commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. 1337 for $600K, 1347 for $750K ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley’s strongest rental markets. Buy one or both!
Financial Summary
Log in to view all information
Gross Rents (Annual):
N/A
Other Income:
N/A
Expense Pass Through:
N/A
Vacancy Reserve:
N/A
Operating Expenses:
N/A
Net Operating Income:
N/A
Effective Gross Income:
N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
Estimated Expenses
Log in to view all information
Market Rents (Annual):
N/A
Rent Gap:
N/A
Property Tax Rate:
N/A
Property Tax (Base):
N/A
Other Program Fee:
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
Turnover Costs:
N/A
Property Tax (Additional Assessments):
N/A
Maintenance, Repairs, and Reserves:
N/A
Utilities
Log in to view all information-
Gas & Electricity N/A
-
Other Utilities N/A
-
Insurance N/A
-
Landscaping N/A
-
Pest Control N/A
-
Garbage N/A
-
Water & Sewer N/A
-
Janitorial N/A
Rent Roll Object
Log in to view all information| Unit Mix | Tenant Status | Unit Size | Number of Units | Current Rent (Average) | Market Rent Estimate | Comments |
|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Listing Information
Listed By:
Joey Wang
Source:
bridgeMLS/CCAR/Bay East AOR
MLS:
41085207
