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1611 Russell St
Berkeley, CA 94703
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 9,842 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.02/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | R-2A | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 9,842 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | R-2A |
ABOUT 1611 RUSSELL ST , BERKELEY, CA 94703
1611 Russell Street is a ±1961 vintage. 10+ unit, multifamily property in a strong Berkeley rental market. The building is ±7,898 SF on a ±15,695 SF parcel. There are 10 two bedroom units with desirable floor plans averaging ±752 SF. A ±260 SF studio is currently out of service with a opportunity to be reclaimed by the new owner, Separate PG&E. Individual water meters and water heaters. Gas cooking and wall heat. Tar & gravel roof, ±1999. Fully parked with one space per unit. Larger rear yard, formerly a nursery. Owned 1W/1D laundry. The 1611 Russell Street location provides good proximity to BART, public transit and freeways. It is just 8 minutes, 1.6 miles, to Cal. Community retail and services are conveniently nearby. Contiguous 2875 California Street, eight 2/1 units, is also on the market at $2,100,000. Combined, 1611 Russell and 2875 California is 18+ units for $4,600,000 equating to $255,556 a unit and a 5.0% cap rate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $1,945 | 704 - 810 |
PROPERTY TAXES
| Parcel Number | 053-1673-017-00 | Improvements Assessment | $1,569,359 |
| Land Assessment | $1,093,630 | Total Assessment | $2,662,989 |
PROPERTY TAXES
