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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,600,000

Est. payment | -/mo

0.29 Acres Lot

Save

$ 1,600,000

Est. payment | -/mo

Save

0.29 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision South Berkeley

MLS Listing ID 41142511

HOA Y/N No

Year Built 1889

Annual Tax Amount $32,525

Lot Size 0.294 Acres

Property Description

Cap Rate - 4.11% (Current) | GRM – 10.39 (Current) Cap Rate – 6.08% (Proforma) | GRM – 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in total). Located in Southwest Berkeley, the property is under one (1) mile from Ashby BART or quick access to Highway 80, allowing easy connections to Oakland, San Francisco, and the surrounding East Bay. A short distance to both UC Berkeley and Emeryville activities, the surrounding area offers an abundance of restaurants and shopping.

Location

State CA

County Alameda

Zoning R3

Interior

Heating Wall Furnace

Cooling See Remarks

Fireplace No

Exterior

Roof Type Shingle,Tar/Gravel

Total Parking Spaces 13

Building

Lot Description Street Level

Others

Tax ID 53162323

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Davide Pio BCRE #01522969

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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2925 Mabel St Berkeley, CA 94702