Active

1347 University Ave

Berkeley CA, 94702

$750,000


$317.53 per sqft

Active

4 Beds

2,362 sqft

Multi-family

Built in 1943

Two adjacent fourplexes in the heart of Berkeley's commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. 1337 for $600K, 1347 for $750K ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley's strongest rental markets. Buy one or both!

41085207

MLS ID

February 8, 2025

Listed

February 15, 2025

Updated

Interior Features

Bedrooms

4


Interior Features

Tub w/Shower Over


Appliances

Dryer, Washer, Gas Water Heater


Laundry Description

Dryer, Gas Dryer Hookup, Laundry Closet, Inside, Washer, Washer/Dryer Hookups, Washer/Dryer Stacked Incl


Floor Description

Hardwood, Partial Carpeting, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

No Air Conditioning


Heating

Yes


Heating Description

Natural Gas, Hot Water, Wall Furnace

Exterior/Building Features

Lot Size

0.12 Acres


Exterior Features

Front Yard, Landscape Misc


Lot Features

Level, Landscape Front, Paved


Security

Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)


Window

Window Coverings

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Carport - 2 Or More, Space Per Unit - 1, Uncovered Park Spaces 2


View

No


County

Alameda


Pool

No


Utilities

All Public Utilities, Natural Gas Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter

Listed by Joey Wang with Keller Williams Realty
Listing Contact: 510-592-4244 

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