1716 Rose StBerkeley, CA 94703

Property Details for 1716 Rose St

Year built

1963

Property size (Sq ft)

4,251 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Berkeley

County

Alameda

State

California

Latitude

37.8801

Longitude

-122.279

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