Key information
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Units 3
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Year Built 1910
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Average Unit Size 896
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Building Size 2,688
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Land Area (Sq Ft) 5,222
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Parking 3
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Separate Meters Gas, Electric
Pricing Metrics
CAP Rate:
4.6%
GRM:
12.2
Price per Unit:
$450,000
Price per Square Foot:
$502
LORE Agent Insights
For the marketing package, go to https://forms.gle/KkKudmgnZkEXC5kY7. For those aspiring to own a unique multifamily investment in a coveted single-family area, Berkeley’s 2227 Acton Street is a fantastic find. Located in the sought-after Poet’s Corner neighborhood and just one block from Strawberry Creek Park, this three unit building (2, 1BR/1BA, 1, 5BR/1.5BA) comes with separate entrances, onsite laundry, and off-street parking in the form of three garages. While the current tenants generate a generous $9,035 in gross income, the garage structure can potentially be replaced with an ADU for even higher future earnings. A number of nearby amenities and conveniences (including North Berkeley BART, Target, CVS, and Starbucks) ensure this property will never suffer from sustained vacancy as multifamilies in less desirable neighborhoods are known to do. Multiple schools, parks, and dining options also populate the area, making 2227 Acton Street a desirable residence for a wide variety of prospective tenants, from single adults to growing families.
Financial Summary
Gross Rents (Annual):
$108,420
Other Income:
$2,400
Expense Pass Through:
$0
Vacancy Reserve:
$7,757
Operating Expenses:
$41,509
Net Operating Income:
$61,553
Effective Gross Income:
$61,553
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
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Market Rents (Annual):
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Property Tax (Base):
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Other Program Fee:
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Property Management:
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Resident Manager:
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Maintenance, Repairs, and Reserves:
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Utilities
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Gas & Electricity N/A
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Other Utilities N/A
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Insurance N/A
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Landscaping N/A
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Pest Control N/A
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Garbage N/A
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Water & Sewer N/A
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Janitorial N/A
Rent Roll Object
Log in to view all informationUnit Mix | Tenant Status | Unit Size | Number of Units | Current Rent (Average) | Market Rent Estimate | Comments |
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Listing Information
Listed By:
Joey Wang
Source:
bridgeMLS/CCAR/Bay East AOR
MLS:
41082773