Berkeley, CA 94702-1763,1337 University Ave
Berkeley, CA 94702-1763,1337 University Ave
Berkeley, CA 94702-1763,1337 University Ave
Berkeley, CA 94702-1763,1337 University Ave
Berkeley, CA 94702-1763,1337 University Ave
Berkeley, CA 94702-1763,1337 University Ave
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$1,750,000

$1,350,000

29.6%
Est.Price: ?

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Est. payment /mo

10,149 Sqft Lot


SOLD DATE : 04/01/2025

Key Details

Sold Price $1,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41085101

Sold Date 04/01/25

HOA Y/N No

Year Built 1944

Lot Size 10,149 Sqft

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

Cooling None

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Total Parking Spaces 8

Building

Lot Description Street Level

Others

Tax ID 5720737

Financing Conventional

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Courtney McCarson & Eric Benz

Courtney McCarson & Eric Benz

+1(818) 358-5698

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Joey Wang • Keller Williams Realty
Bought with Saundra Leonard • KW Bay Area Estates
agent-avatar

+1(818) 358-5698

info@mccarsonbenz.com

Burbank, CA, 91505, United States

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