$1,750,000
$1,350,000
29.6%For more information regarding the value of a property, please contact us for a free consultation.
5,194 SqFt
SOLD DATE : 04/01/2025
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $336
MLS Listing ID 41085101
Sold Date 04/01/25
HOA Y/N No
Year Built 1944
Lot Size 10,150 Sqft
Acres 0.23
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
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas, Hot Water, Wall Furnace
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 Kitchen, In Unit, Washer, Washer/Dryer Hookups
Exterior
Utilities Available All Public Utilities, Natural Gas Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Level, Landscape Front, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5720737
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with SaundraLeonard
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+1(925) 413-1849 | kenneth@jcastlegroup.com