Price: $0 to $99,999,999
Number of Units: 0 to 100 Units
Capitalization Rate (CAP): 0% to 20%
Price: $0 to $99,999,999
Number of Units: 0 to 100 Units

2421 Hilgard Avenue, Berkeley, CA 94709

Neighborhood : North Campus
$1,600,000

Key information

  • Units 4
  • Year Built 1928
  • Average Unit Size 723
  • Building Size 2,890
  • Land Area (Sq Ft) 3,000
  • Parking 1
  • Separate Meters Gas, Electric

Property Summary

Tucked into Berkeley’s Northside neighborhood just moments from UC Berkeley, 2421 Hilgard Ave offers a rare opportunity to own a classic fourplex in one of the city’s most sought-after residential pockets. Set on a quiet, tree-lined street near the Euclid corridor, the property combines a peaceful setting with close access to campus, shops, and dining. The building features four 1BD/1BA units across 2,890 sq ft, along with a 1-car garage and a large attic space that may offer future expansion potential (buyer to verify). One unit will be delivered vacant, providing an immediate opportunity for owner occupancy while maintaining income from the remaining units. With strong, consistent rental demand tied to its campus-adjacent location, this is a unique chance to own a character-rich asset in a supply-constrained North Berkeley neighborhood.

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Pricing Metrics

CAP Rate: 4.9%
GRM: 12.3
Price per Unit: $400,000
Price per Square Foot: $554

Financial Summary

Gross Rents (Annual): $126,276
Other Income: $4,320
Expense Pass Through: $0
Effective Gross Income: $77,985
Vacancy Reserve: $6,530
Operating Expenses: $46,081
Net Operating Income: $77,985
Market Rents (Annual): $144,000
Rent Gap: 14%
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.

Operating Expenses

Property Tax Rate: N/A
Property Tax (Base): N/A
Property Tax (Additional Assessments): N/A
Business License Fee: N/A
Rent Board Fee: N/A
Other Program Fee: N/A
Property Management: N/A
Resident Manager: N/A
  • Maintenance, Repairs, and Reserves : N/A
  • Turnover Costs : N/A
  • Landscaping : N/A
  • Pest Control : N/A
  • Janitorial : N/A
  • Insurance : N/A
  • Gas & Electricity : N/A
  • Garbage : N/A
  • Water & Sewer : N/A
  • Other Utilities : N/A
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.

Unit Mix Occupancy Unit Size Current Rent (Average) Market Rent Estimate Comments
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2421 Hilgard Avenue, Berkeley, CA 94709

Joey Wang

Founder & Lead Multifamily Specialist