1337 University Ave Active Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94702
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $259
MLS Listing ID 41085101
HOA Y/N No
Originating Board Bridge AOR
Year Built 1944
Lot Size 10,150 Sqft
Property Sub-Type 5 or More Units
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
Interior
Heating Natural Gas,Wall Furnace,Hot Water
Cooling None
Flooring Hardwood,Partial Carpeting,Tile,Vinyl
Fireplace No
Window Features Window Coverings
Appliance Dryer,Washer,Gas Water Heater
Laundry Dryer,Laundry Closet,In Unit,Washer,Washer/Dryer Hookups,In Kitchen
Building
Lot Description Level,Landscape Front,Paved
Water Public