REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,750,000
Est. payment | /mo
7,400 Sqft Lot
$ 1,750,000
Est. payment | /mo
7,400 Sqft Lot
Open House
Fri Jul 10, 1:30pm - 3:30pm
Sun Jul 12, 10:00am - 12:00pm
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Elmwood
MLS Listing ID 41135687
HOA Y/N No
Year Built 1935
Lot Size 7,400 Sqft
Property Sub-Type Apartment
Property Description
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
Location
State CA
County Alameda
Zoning R-2
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Total Parking Spaces 6
Others
Tax ID 54170926
Listed by Joey Wang Keller Williams Realty #01890931
Nearby Locations
"My job is simple: get my sellers the strongest price the market will pay, and help my buyers find the right home. No jargon, no pressure, just straight answers."
6302 Ridgeglade Ct, Rancho Palos Verdes, California, 90275, USA