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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41038725
Sold Date 12/08/23
HOA Y/N No
Year Built 1902
Lot Size 6,534 Sqft
Property Description
Massive Gross projected rental income in excess of $174,800 for all 6 units, including the owners unit.Total of 9 bedrooms and 6 bathrooms plus two units in the detached studio.....Discover this historic Queen Anne-style property in prime location- central Berkeley, a prime investment opportunity. Originally converted into four units in the 1950s, it has since seen thoughtful improvements, including the attic transformed into two additional units, elevating rental income potential. Owned solar system. Convenience is key, with a rear laundry room featuring tenant-friendly coin-operated machines. Sustainability and cost savings come from the owned integrated solar panel system, seamlessly tied to the house meter. Sewer compliant! The backyard reveals two versatile studio/office spaces, offering adaptability to diverse needs. Reserved off-street parking adds an owner's convenience touch. This Queen Anne property radiates character and promise, making it a top investment in Berkeley's dynamic real estate market, securing a strong income stream for savvy investors. Don't miss the chance to own a piece of Berkeley's architectural history while reaping the rewards of a well-maintained, income-generating property. Walk Score of 93, Transit score of 70 and bike score of 99.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Dryer, Washer
Exterior
Garage On Street
Roof Type Shingle
Total Parking Spaces 1
Building
Lot Description Front Yard
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
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Bought with Wai Chen Cheung • eXp Realty of California, Inc
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Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256