1533 Julia St - Julia Street Fourplex 4 Unit Apartment Building Offered at $1,295,000 at a 7.92% Cap Rate Berkeley, CA 94703

4-unit apartment complex with remodeled units and high cash flow. The unit mix features four 2bd/1bth units with three units currently rented at high market rates. The fourth
unit is currently vacant and is perfect for an owner-occupant. The property was originally built in 1962, offers approximately 2,640 square feet of rental space, and sits on a 4,400 square foot lot with room for four off-street parking spaces. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating
expenses. The units have all been remodeled with newer kitchens and bathrooms, new wood flooring, new fixtures, double pane windows, updated electrical, low-maintenance
landscaping, and more. Recent capital improvements include a newer concrete driveway, fresh paint, and a new fence. The occupied units provide stable and guaranteed income through City of Berkeley housing vouchers providing for a safe and predictable investment. This is a high demand South Berkeley rental location near a variety of restaurants, coffee shops, and shopping options. The location is very convenient and is a short distance to UC Berkeley, the Bay Bridge, San Francisco, downtown Oakland, and multiple BART stations.
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