To access the marketing package copy/paste: https://bit.ly/kitehillre. This exceptional Southwest Berkeley property offers a highly desirable unit mix consisting of one 2BD/1BA, one 1BD/1BA with office, one 1BD/1BA, and a private detached 1BD/1BA cottage. The layout provides flexibility for both investors and owner-users, with two units delivered vacant, allowing… Read More for immediate occupancy or repositioning. The property generates strong in-place income of $12,095 per month est (including RUBS), translating to an attractive 6.43% cap rate and 10.68 GRM. With quality renovations already completed and stable cash flow in place, the asset offers both current income and long-term appreciation potential in one of Berkeley’s most sought-after neighborhoods. All units have been fully remodeled and the property has undergone a completed seismic retrofit, along with upgrades to central heating, plumbing, and electrical systems. A new boiler further enhances operational efficiency and minimizes near-term capital expenditure concerns. Residents enjoy secure and well-maintained amenities, including coded gate and individual unit entry, on-site laundry facilities, bicycle storage, and a one-car garage. Read Less
Property listed by Kite Hill Real Estate, Jatin Mehta 310-259-7556
Listing Snapshot
Days Online
48
Last Updated
Property Type
Quadruplex
Lot Size
0.09 Acres
Year Built
1927
MLS Number
41123157
Additional Details
Building
Built in 1927, Construction Materials: Stucco
Cooling
SeeRemarks
Disclosures
RentControl
Floors
Wood
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Lot
0.0918 acres
Parking
1 total parking spaces
Sewer
PublicSewer
Taxes
Parcel Number: 56193319
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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