platinum realty & investments 1640 7th st, berkeley, ca 94710 - …€¦ · diner, iyasare, peet's...
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1640 7th St Presented By:Platinum Realty & Investments1640 7th St, Berkeley, CA 94710
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Property Details
1640 7th St1640 7th St, Berkeley, CA 94710
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Fantastic location in one of Berkeley's most coveted area in Oceanview/4th Street area. Walkingdistance to trendy and upscale 4th street shopping area with stores like Apple, Bette's OceanviewDiner, Iyasare, Peet's Coffee, Sur La Table, Z Gallerie, Vics Chaat House, Whole Foods and muchmore. Close to the Berkeley Marina and North Berkeley BART. UC Berkeley is also close by. North-sideof University Ave. Tremendous growth location. Walk Score of 82 and Bike Score of 99!
Two buildings on one lot. A duplex and a fourplex and two storage units. Large units. Good layout. NewFence!Large level rectangular lot. Two extra storage shed in the rear for additional income. Over $200,000 inimprovements. Newer stucco, Newer windows, sheer wall bolted on fourplex, newer roof on duplex.Separate PG&E meters and separate Water meters! Excellent upside potential. Pride of ownership.Very good investment opportunity.
Weather around this apartment is always pretty cool by the bay. Current Cap at 4.23% and Pro Formacap is 9.94%. Numbers indicated here are solely Pro Forma only. Very good upside.
1650 7th St Unit D is vacant and is on lock box. Please only show that unit. The remaining units areoffer subject to inspection. Pre-escrow opened with Old Republic Title Company (Escrow # 1117019327- Jennifer Hinkle). Email offers to [email protected]. For questions, please text or call Kyle 510-502-2288.
Square footage of lot and units have not been verified by seller or listing agent.
Price: $1,788,888
Fantastic location in one of Berkeley's most coveted area in Oceanview/4th Street area.
Walking distance to trendy and upscale 4th street shopping area with stores like Apple, Bette'sOceanview Diner, Iyasare, Peet's Coffee, Sur La Table,
Close to the Berkeley Marina and North Berkeley BART and also UC Berkeley
Separate PG&E meters and separate Water meters!
Over $200,000 in improvements.
Tremendous Upside!
View the full listing here: https://www.loopnet.com/Listing/1640-7th-St-Berkeley-CA/12988690/
Price: $1,788,888
No. Units: 6
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Low Rise
Building Class: C
Sale Type: Investment
Cap Rate: 9.94%
Lot Size: 0.09 AC
Building Size: 4,830 SF
Sale Conditions: [object Object]
No. Beds: 6
No. Stories: 2
Year Built: 1936
Parking Ratio: 1.24/1,000 SF
https://www.loopnet.com/Listing/1640-7th-St-Berkeley-CA/12988690/
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Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft1+1 1 $2,600 590
2+2 5 $3,000 850
1640 7th St1640 7th St, Berkeley, CA 94710
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Location
1640 7th St1640 7th St, Berkeley, CA 94710
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Property Photos
1640 7th St1640 7th St, Berkeley, CA 94710
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1640 7th St1640 7th St, Berkeley, CA 94710
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Building Photo Building Photo
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1640 7th St1640 7th St, Berkeley, CA 94710
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Building Photo Building Photo
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1640 7th St1640 7th St, Berkeley, CA 94710
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Building Photo Building Photo
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1640 7th St1640 7th St, Berkeley, CA 94710
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Bonus Entrance Room Bathroom 2
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1640 7th St1640 7th St, Berkeley, CA 94710
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Kitchen 1 Entrance 1
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1640 7th St1640 7th St, Berkeley, CA 94710
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Living Room 2 Living Room 3
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1640 7th St1640 7th St, Berkeley, CA 94710
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Living Room 5
Property Photos
1640 7th St1640 7th St, Berkeley, CA 94710
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Kyle [email protected](510) 502-2288
Platinum Realty &Investments4101 Dublin BlvdDublin, CA 94568
1640 7th St1640 7th St, Berkeley, CA 94710
mailto:[email protected]