For Sale
$2,398,000

1716 Rose StBerkeley, CA 94703

Prime location, strong cash flow, furnished.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional North Berkeley multifamily property presents a compelling investment opportunity. The two-building complex, constructed in 1963, encompasses 4,251 square feet on a 7,035 square foot lot and features five units: a spacious two-bedroom, one-bathroom unit (convertible to four bedrooms), two charming one-bedroom, one-bathroom units with high ceilings, and two large three-bedroom, two-bathroom units. Each unit averages 850 square feet of living space. Currently operating as a successful medium-term furnished rental, the property boasts 100% occupancy and generates a substantial monthly gross income of nearly $20,000, translating to an annual NOI of $144,889 and a 6.04% cap rate. The asking price is $2,398,000, or $479,600 per unit, and $564.10 per square foot. On-site shared laundry facilities enhance tenant convenience. Ideally situated one mile from UC Berkeley, this property benefits from a walk score of 86, a transit score of 62, and a bike score of 86, providing easy access to local amenities. All units are potentially vacant upon sale, offering owner-occupiers the unique opportunity to personalize their living space or select their own tenants. The property's excellent condition and prime location ensure lasting appeal and strong long-term value. The property address is 1716 Rose St, Berkeley, CA 94703. Offers are due Wednesday, October 23rd by noon.

Highlights

  • Flexible Unit Mix: Five units total; one 2-bed/1-bath (convertible to 4-bed/1-bath), two 1-bed/1-bath, and two 3-bed/2-bath units.
  • Turnkey Furnished Rental: Fully furnished, historically successful medium-term rental property.
  • Owner-Occupancy Option: All units vacant at closing, ideal for owner-occupancy.
  • High Cash Flow: Generating nearly $20,000 monthly gross income.
  • Large Units: 4,251 square feet total; units average 850 square feet.
  • Shared Laundry: On-site shared laundry facilities.

Property Details for 1716 Rose St

Property type
Apartment buildings
Square Feet
4,251 SF
Class
A
Year Built
1963
Buildings
2
Stories
2
Units
5

Location Insight

City
Berkeley
County
Alameda
State
California
Latitude
37.8801394
Longitude
-122.2790289
1716 Rose St, Berkeley, California

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1716 Rose St
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