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Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$ 1,995,000
Est. payment /mo
New
2713 Ridge Rd Berkeley, CA 94709
10 Beds
4 Baths
3,336 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,336 sqft
Price per Sqft $598
MLS Listing ID EB41143871
Bedrooms 10
Year Built 1943
Lot Size 5,500 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
One block from UC Berkeley. Four units, ten bedrooms, all vacant. 2713 Ridge Road sits on Berkeley's Northside, one block from campus and minutes from the Euclid Avenue corridor. Nothing here comes with a tenant to work around - ten bedrooms across four units, a blank page for a buyer to fill in from day one, right where the need for a bed near Cal renews every August. Two 2BR/1BA units and two 3BR/1BA units, 3,336 SF on a 5,500 SF lot, built 1943. Five years of ownership reinvestment mean capital goes into interiors, not the envelope: new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, replaced sewer lateral. Partial bay views. Gas and electricity separately metered. Garage, three permitted street spaces, basement storage rooms, plenty of upside in the garage level for parking or ADU exploration, subject to city approval. Projected gross income $172,800, an 11.5 GRM, $598/SF, $498,750 per unit. Buildings this close to campus rarely trade, and they almost never trade empty. This one is doing both.
Location
State CA
County Alameda
Area Berkeley Map Area 1
Zoning R-3H
Interior
Heating Electric
Flooring Tile, Vinyl
Laundry In Basement
Exterior
Exterior Feature Wood Shingles, Wood Frame
Parking Features Attached Garage
Garage Spaces 1.0
Roof Type Composition
Others
Tax ID 58-2204-6
Special Listing Condition New
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