1321 Josephine St | Berkeley, CA 94703
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- LoopNet Team
1321 Josephine St
Berkeley, CA 94703
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Eight Units Comprised of One Spacious 3bd/1bth, One 2bd/2bth, Four 2bd/1bth, One 1bd/1bth, and One Studio
- Current Rents Roughly 40% Below Market Rate - Presenting a Huge Opportunity for Rental Upside Upon Turnover, Capital Improvement Pass Throughs, or Ten
- Ideal for Owner-Occupants w/ the Option to Fund Eight Units w/ 30-year Fixed Residential Financing
- Two Parcels Set on a 10,800 SF Lot, Boasting Five 1-Car Garages & Onsite Coin-Operated Laundry
- Prime North Berkeley Location, Near Award-Winning Restaurants, Public Transportation & BART
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,760 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.25 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.18/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 2+1 | 4 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 060-2447-027-00 | Improvements Assessment | $856,800 |
| Land Assessment | $367,200 | Total Assessment | $1,224,000 |
PROPERTY TAXES
Parcel Number
060-2447-027-00
Land Assessment
$367,200
Improvements Assessment
$856,800
Total Assessment
$1,224,000
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