Bought with Saundra Leonard • KWLGE
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1337 University Ave Berkeley, CA 94702-1763
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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $336
MLS Listing ID MR41085101
Sold Date 04/01/25
Bedrooms 3
Year Built 1944
Lot Size 10,150 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Two adjacent fourplexes in the heart of Berkeley's commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. At just $675K per fourplex ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley's strongest rental markets. Buy one or both!
Location
State CA
County Alameda
Area Berkeley Map Area 4
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Carpet - Partial, Tile, Vinyl, Hardwood
Laundry In Closet, Laundry Area - In Unit, Hookup - Washer/Dryer , Washer, Dryer
Exterior
Exterior Feature Concrete
Parking Features Spaces per Unit - 1
Garage Spaces 8.0
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 57-2073-7
Special Listing Condition Not Applicable
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