Berkeley, CA 94710,2112 9th Street

$1,387,000

Est. payment /mo

$1,397,000

0.7%
Est.Price: ?

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2112 9th Street Berkeley, CA 94710

2,736 SqFt

SOLD DATE : 02/15/2024

Key Details

Sold Price $1,387,000

Property Type Commercial

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,736 sqft

Price per Sqft $506

MLS Listing ID 41038686

Sold Date 02/15/24

HOA Y/N No

Year Built 1962

Lot Size 5,200 Sqft

Acres 0.11

Property Description

Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-Unit complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing six units - including (4) inviting 1-bedroom units and two cozy studios - sprawls across approximately 2,736 square feet and comes with 6 parking spaces, coin laundry and secure bike racks. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5,200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. With an astonishing 42% upside in rental income potential, this property stands poised to yield an impressive annual income of $113,942, translating into an estimated gross rental income that surges past $9,495 each month, making it an irresistible proposition for those seeking substantial returns on their investments.

Location

State CA

County Alameda

Area Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating Electric

Cooling None

Flooring Linoleum, Wood

Fireplace No

Laundry Coin Operated

Building

Lot Description Regular

Sewer Public Sewer

New Construction No

Others

Tax ID 5619717

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Bridge MLS
Listed by Jatin Mehta • Pellego
Bought with SukhjinderSingh
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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