2713 Ridge RdBerkeley, CA 94709
NORTHSIDE · Alameda County
Description
One block from UC Berkeley. Four units, ten bedrooms, all vacant. 2713 Ridge Road sits on Berkeley's Northside, one block from campus and minutes from the Euclid Avenue corridor. Nothing here comes with a tenant to work around — ten bedrooms across four units, a blank page for a buyer to fill in from day one, right where the need for a bed near Cal renews every August. Two 2BR/1BA units and two 3BR/1BA units, 3,336 SF on a 5,500 SF lot, built 1943. Five years of ownership reinvestment mean capital goes into interiors, not the envelope: new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, replaced sewer lateral. Partial bay views. Gas and electricity separately metered. Garage, three permitted street spaces, basement storage rooms, plenty of upside in the garage level for parking or ADU exploration, subject to city approval. Projected gross income $172,800, an 11.5 GRM, $598/SF, $498,750 per unit. Buildings this close to campus rarely trade, and they almost never trade empty. This one is doing both.
Property Information
- Property type
- Residential Income
- Sub-type
- Quadruplex
- Year built
- 1943
- Living area
- 3,336 Sq Ft
- Lot size
- 0.13 acres
- Zoning
- R-3H
- Days on market
- 50
- MLS® Listing#
- 41143871
Property Features
- Cooling
- Heat Pump
- Heating
- Electric · Heat Pump
- Flooring
- Tile · Vinyl
- Basement
- Finished
- Parking
- Attached · Garage
- Laundry
- In Basement
- Lot features
- Paved
- Construction
- Shingle Siding · Wood Siding · Frame
- Security
- Carbon Monoxide Detector(s) · Smoke Detector(s)
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 5822046
Listing Courtesy: Keller Williams Realty - 9259342900
Presented by: Joey Wang
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Berkeley Market Statistics
How this home compares to 262 active listings in Berkeley, CA
| Berkeley median | This listing | |
|---|---|---|
| Median listing price | $1,000,000+ | $1,850,000 |
| Median days on market | 44 | 50 |
| Median Sq Ft | 1,941 | 3,336 |
| Median price / Sq Ft | $699 | $555 |
Market statistics compiled from active EXIT Realty® and MLS listings in Berkeley, CA.
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