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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 5 out of 71
$3,500,000 For Sale

1332 Fourth St.
Berkeley, CA 94710

15 units | Multi Family Home
1.89 acres - MLS# 40860214
Property Photo
1/13

Description

“Tannery Lofts” building is located at the intersection of West Berkeley's Gilman District and Fourth Street Shopping District. This multi-tenant leased building is comprised of fifteen individual units and is part of the landmarked Tannery Complex, now filled with artists, makers, designers, and offices. The building consists of fifteen newly remodeled maker spaces and light industrial units. The ten units on the second floor boast abundant natural light, ±20' high ceilings, mezzanines, and new hardwood floors while the ground floor light industrial spaces offer slightly larger floor plates, high ceilings, and concrete floors. One ground floor unit has been recently converted into a common lounge with a brand new kitchenette/restrooms available to all tenants. All common spaces and bathrooms have been remodeled. Each unit is actually a condominium but historically, the whole building has been owned by one ownership. New owner could sell each condo over time for upside opportunity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94710
  • Year Built: 1905
  • Age: 114
  • Sq.Ft.: 8,883 sq ft
  • Units: 15 units
  • # of Parking Spaces: 14
  • Lot Size: 1.89 acres
  • Zoning: M
  • Addtl Features Misc.: Wired For Cable TV
  • All Units Have: Disposal, Updated Kitchen, Refrigerator
  • Annual Gross Sched Inc: 316109
  • Annual License Exp: 3425
  • Annual Maint Exp: 9520
  • Annual Mgmt Exp: 9520
  • Annual Misc Inc: 15833
  • Annual Rent Inc: 300276
  • Annual Taxes: 62190
  • Annual Util Exp: 1800
  • Annual Vacancy: 3
  • Apx Lot Sq Ft: 82465
  • Exterior: Wood Siding
  • Flooring: Concrete Slab, Wood
  • HOA: Yes
  • Heating: Electric
  • Lot Description: Level
  • Net Oper Income: $182,239
  • On-Site Parking Desc: Off Site Parking, Parking Area
  • Operating Expenses: Accounting/Legal, Insurance, Maintenance/Repair, Management, Property Tax/Assessments, Utilities, Vacancy Factor
  • Separate Meters: Gas
  • Tot Ann Oper Exp: 133870
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Norheim & Yost, Steven Smith


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