2933 Stanton StBerkeley, CA 94702

Description

Four-unit multifamily property in Southwest Berkeley, 6.61% Cap Rate! The building features four (4) two-bedroom, one-bathroom units, three of which have been fully renovated with updated kitchens and bathrooms, new flooring, modern finishes, and new electrical subpanels. Two units also feature in-unit washers and dryers. Recent building improvements include new windows, fresh exterior paint, and updated landscaping. The property offers eight (8) off-street parking spaces and tenant storage lockers. One renovated unit will be delivered vacant, allowing an owner-occupant to move in or an investor to lease it at market rent. With extensive recent improvements, ample parking, and rental upside, the property offers an attractive opportunity for both owner-occupants and long-term investors. The property is located in Southwest Berkeley, just north of Ashby Avenue near Sacramento Street. The property is conveniently located near San Pablo Park and a variety of shopping, dining, and grocery options along Sacramento Street and the Ashby corridor. Berkeley Bowl West, Fourth Street, and Bay Street in Emeryville are all a short drive away. Commuters benefit from access to Ashby BART, multiple AC Transit lines, and nearby I-80 and I-580, providing connectivity throughout the Bay Area. The property also offers easy access to UC Berkeley, Downtown Berkeley, and major employment centers in Emeryville and West Berkeley. Over 42,000 residents within a one-mile radius and average household incomes exceeding $146,000.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1944

Lot size

0.09 acres

Parking spaces

8

Days on market

14

MLS^® Listing#

41151679

Property Features

Exterior

Garden

Heating

Natural Gas · Wall Furnace

Flooring

Laminate · Tile · Vinyl

Parking

On Street

Lot features

Garden

Construction

Stucco

Roof

Shingle

Parcel number

53161820

Directions

Cross Street: Ashby.