2925 Mabel StBerkeley, CA 94702
SOUTH BERKELEY · Alameda County
Description
Cap Rate - 4.11% (Current) | GRM – 10.39 (Current) Cap Rate – 6.08% (Proforma) | GRM – 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in total). Located in Southwest Berkeley, the property is under one (1) mile from Ashby BART or quick access to Highway 80, allowing easy connections to Oakland, San Francisco, and the surrounding East Bay. A short distance to both UC Berkeley and Emeryville activities, the surrounding area offers an abundance of restaurants and shopping.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1889
- Living area
- 4,633 Sq Ft
- Lot size
- 0.30 acres
- Parking spaces
- 13
- Zoning
- R3
- Days on market
- 64
- MLS® Listing#
- 41142511
Property Features
- Cooling
- Other
- Heating
- Wall Furnace
- Flooring
- Other
- Basement
- None
- Parking
- Parking Lot · Side By Side
- Lot features
- Level · Rectangular Lot
- Construction
- Wood Siding · Stucco · Frame
- Roof
- Shingle
- Sewer
- Public Sewer
Financial Details
- HOA
- None
- Parcel number
- 53162323
Listing Courtesy: BCRE - 5102220900
Presented by: Davide Pio
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
Berkeley Market Statistics
How this home compares to 279 active listings in Berkeley, CA
| Berkeley median | This listing | |
|---|---|---|
| Median listing price | $1,000,000+ | $1,600,000 |
| Median days on market | 37 | 64 |
| Median Sq Ft | 1,941 | 4,633 |
| Median price / Sq Ft | $705 | $345 |
Market statistics compiled from active EXIT Realty® and MLS listings in Berkeley, CA.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1926 Alcatraz Ave, Berkeley, CA | $1,650,000 | — | — | 3,066 |
| 2427 McKinley Ave, Berkeley, CA | $1,650,000 | — | — | 2,911 |
| 2224 Derby Street, Berkeley, CA | $1,600,000 | 6 | — | 3,402 |
| 939 Channing Way, Berkeley, CA | $1,475,000 | — | — | 3,657 |
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