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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 15 out of 88
$2,200,000 For Sale

1325 Sacramento Street
Berkeley, CA 94702

6 units | Multi Family Home
5663 sq ft - MLS# 40849430
Property Photo
1/21

Description

UPSIDE UPSIDE UPSIDE, is the story of this opportunity. Currently a 4.31% cap moving to an 8.50% cap at market rents. This opportunity is for the investor who wants to own in a great neighborhood and watch their investment grow. Increase your NOI from $94,785 to $187,105. That is a 97.4% UPSIDE! LOCATION LOCATION LOCATION - This asset is located on the Hopkins street corridor and is walking distance to BART. Turnkey Building with a fully renovated unit ready to lease! This unit can be leased prior to close or be delivered vacant at close of escrow. Seismic Upgrade, Electrical upgrade, new garage doors, full exterior paint and much more over the last few years. Great unit mix with 4 large 2x1 corner units and 2 jr 1 beds. Tons of light. Owned Laundry creates additional income. Plenty of room to add additional amenities such as storage and parking to further drive income. All the units have hardwood floors, unique period detailing and tons of light.

Features

  • Property Type: Multi Family Home
  • Sub Type: Garden Apts
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94702
  • Year Built: 1947
  • Age: 72
  • Subdivision/Neighborhood: Monterey/Hopkins
  • Sq.Ft.: 4,860 sq ft
  • Units: 6 units
  • # of Parking Spaces: 6
  • Lot Size: 5663 sq ft
  • View: Bay, Hills
  • Addtl Features Misc.: Wired For Cable TV, Extra Storage, Garden, Lawn Sprinkler, Play Area, Security Building, Other
  • All Units Have: Oven Range Free Standing, Refrigerator, Other
  • Annual Gross Sched Inc: 141284
  • Annual License Exp: 5689
  • Annual Maint Exp: 3300
  • Annual Misc Inc: 1020
  • Annual Rent Inc: 2892
  • Annual Taxes: 32489
  • Annual Util Exp: 3411
  • Annual Vacancy: 4338
  • Apx Lot Sq Ft: 5660
  • Cap Rate: 4.38
  • Equipment Additional: Dryer, Washer, Water Heater Gas, Other, Tankless Water Heater
  • Exterior: Stucco
  • Flooring: Hardwood Floors
  • Gross Income: $145,622
  • Gross Oper Actual Inc: 145622
  • Heating: Wall Furnace
  • Laundry: Coin Operated, Dryer, Laundry Equip - Leased, Washer
  • Lot Description: Corner
  • Net Oper Income: $94,785
  • On-Site Parking Desc: Attached Garage, Space Per Unit - 1
  • Operating Expenses: Electric, Gas, Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water, Other
  • Separate Meters: Electric, Gas
  • Some Units Have: Dishwasher, Disposal, Updated Baths, Updated Kitchen
  • Tenant Pays: Electric, Gas
  • Tot Ann Oper Exp: 12400
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 2
  • Unit # 1 Parking Spaces: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit 1 # Units This Type?: 4
  • Unit 2 # Units This Type?: 1
  • Unit 3 # Units This Type?: 1
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Bay Apartment Advisors, Nathaniel Reinke


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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