Key information
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Units 7
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Year Built 1904
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Average Unit Size 1,295
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Building Size 9,068
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Land Area (Sq Ft) 4,514
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Parking 4
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Separate Meters None
Pricing Metrics
CAP Rate:
5.4%
GRM:
11.0
Price per Unit:
$607,143
Price per Square Foot:
$469
Property Summary
Positioned just one block from Ashby BART in the heart of South Berkeley, this mixed-use 6-unit asset offers strong day-one income and long-term upside. Located on a vibrant commercial corridor with a 95 Walk Score, the property enjoys easy access to cafés, local markets, and transit connecting directly to San Francisco and beyond. With a location that appeals to both students and working professionals, it sits in a high-demand pocket primed for continued rental performance.
The building includes four renovated residential units—ranging from a 2BD/1BA to 4 and 5-bedroom layouts—and two commercial spaces, one of which is currently vacant and primed for lease-up or residential conversion. The units are offered furnished and designed to attract UC Berkeley students, traveling professionals, or coliving tenants. The building also features shared laundry, an attic-level common lounge, and a rear lot with ADU potential. Professionally managed by The Berkeley Group, this is a well-maintained, stable property with the benefit of flexibility—offering investors strong existing income with multiple avenues to unlock future growth.
Financial Summary
Gross Rents (Annual):
$355,440
Other Income:
$32,484
Expense Pass Through:
$0
Effective Gross Income:
$229,750
Vacancy Reserve:
$19,396
Operating Expenses:
$138,778
Net Operating Income:
$229,750
Market Rents (Annual):
$407,280
Rent Gap:
15%
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
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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.
Rent Roll
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