Key information
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Units 4
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Year Built 1929
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Average Unit Size 627
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Building Size 2,509
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Land Area (Sq Ft) 5,000
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Parking N/A
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Separate Meters None
Pricing Metrics
CAP Rate:
5.5%
GRM:
11.3
Price per Unit:
$468,750
Price per Square Foot:
$747
LORE Agent Insights
Located just 0.3 miles from UC Berkeley, 1724 La Vereda Rd is a rare, high-performing student housing investment in North Berkeley’s competitive rental market. Fully leased at $14,000/month with a history of near-zero vacancy, this turnkey four-unit property delivers immediate, reliable cash flow in a low-risk, high-demand sector. The 2,509 sq. ft. lot includes one studio, two 2-bed/1-bath units, and one 3-bed/2-bath unit across two buildings—each equipped with in-unit laundry and a fixed utility fee model, ensuring stable operating income. Steps from Safeway, Peet’s Coffee, and the Gourmet Ghetto dining corridor, tenants enjoy built-in lifestyle convenience, while AC Transit and BART access just minutes away make commuting effortless. With a proven income stream and built-in demand, this is an unbeatable opportunity for investors seeking stability, growth, and long-term appreciation.
Financial Summary
Gross Rents (Annual):
$165,600
Other Income:
$0
Expense Pass Through:
$0
Vacancy Reserve:
$11,592
Operating Expenses:
$51,910
Net Operating Income:
$102,098
Effective Gross Income:
$102,098
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
Estimated Expenses
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Market Rents (Annual):
N/A
Rent Gap:
N/A
Property Tax Rate:
N/A
Property Tax (Base):
N/A
Other Program Fee:
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
Turnover Costs:
N/A
Property Tax (Additional Assessments):
N/A
Maintenance, Repairs, and Reserves:
N/A
Utilities
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Gas & Electricity N/A
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Other Utilities N/A
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Insurance N/A
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Landscaping N/A
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Pest Control N/A
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Garbage N/A
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Water & Sewer N/A
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Janitorial N/A
Rent Roll Object
Log in to view all information| Unit Mix | Tenant Status | Unit Size | Number of Units | Current Rent (Average) | Market Rent Estimate | Comments |
|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Listing Information
Listed By:
Joey Wang
Source:
bridgeMLS/CCAR/Bay East AOR
MLS:
41085089
