1420 Alcatraz Ave | Berkeley, CA 94702
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- LoopNet Team
1420 Alcatraz Ave
Berkeley, CA 94702
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- $150K PRICE REDUCTION. Stable cash flow of over $17,700 per month with approximately 10% upside remaining compared to market rents.
- Prime Location Within Desirable School District in Southwest Berkeley Neighborhood
- Exceptional Walkability and Bikeability: Walk Score of 90 and a Bike Score of 93
- 6.81% cap rate and 9.15 GRM with a strong 6.4% cash on cash return after financing.
- Diverse Unit Mix: The property offers an attractive unit mix catering to a variety of tenant demographics.
- Proximity to Public Transit: Just a 17-minute walk to Ashby BART Station and a 17-minute bike ride to the UC Berkeley campus.
PROPERTY FACTS
| No. Units | 8 | Building Size | 4,755 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1916/1940 |
| Building Class | B | Parking Ratio | 0.42/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | R-2A - Restricted Multiple-Family Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,755 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1916/1940 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | R-2A - Restricted Multiple-Family Residential |
AMENITIES
UNIT AMENITIES
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 478 - 520 |
| 2+1 | 1 | - | 525 - 575 |
| 3+1 | 1 | - | 1,012 |
| 2+2 | 1 | - | 525 - 575 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,444,922 | |
| Land Assessment | $692,748 | Total Assessment | $2,137,670 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$692,748
Improvements Assessment
$1,444,922
Total Assessment
$2,137,670
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