2713 Ridge RdBerkeley, CA 94709

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

Lot size

0.13 acres

Parking spaces

1

Zoning

R-3H

Days on market

51

MLS^® Listing#

41143871

Property Features

Heating

Electric

Flooring

Tile · Vinyl

Parking

Garage

Lot features

Back Yard

Construction

Wood Siding

Roof

Shingle

Parcel number

5822046

Directions

Cross Street: Highland Pl.