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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 5 out of 99
$4,750,000 For Sale

968 Addison St
Berkeley, CA 94710

18 units | Multi Family Home
20038 sq ft - MLS# 40851895
Property Photo
1/5

Description

18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of nearly 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94710
  • Year Built: 1943
  • Age: 76
  • Sq.Ft.: 11,480 sq ft
  • Units: 18 units
  • # of Parking Spaces: 18
  • Lot Size: 20038 sq ft
  • Annual Gross Sched Inc: 316068
  • Annual License Exp: 3065
  • Annual Maint Exp: 9000
  • Annual Mgmt Exp: 12360
  • Annual Rent Inc: 316068
  • Annual Util Exp: 25924
  • Annual Vacancy: 9482
  • Apx Lot Sq Ft: 20000
  • Exterior: Other Skirt
  • Gross Income: $306,586
  • Gross Oper Actual Inc: 306586
  • Heating: Other Heat
  • Net Oper Income: $169,932
  • Tot Ann Oper Exp: 58749
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit 1 # Units This Type?: 12
  • Unit 2 # Units This Type?: 6
Courtesy of Joseph M. Tapia, Broker, Grant Chappell


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