1634 Oxford St | Berkeley, CA 94709
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- LoopNet Team
1634 Oxford St
Berkeley, CA 94709
15 Unit North Berkeley Value-Add Opportunity · Multifamily Property For Sale
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15 Units
Investment Highlights
- RARE CHANCE TO ACQUIRE A 15-UNIT VALUE-ADD APARTMENT BUILDING IN NORTH BERKELEY JUST STEPS FROM UC BERKELEY, THE #1 PUBLIC UNIVERSITY IN THE WORLD
- UC BERKELEY HAS THE 2ND LARGEST STUDENT POPULATION & THE LOWEST PERCENTAGE OF BEDS PER STUDENT OF ANY UC CAMPUS & PLANS TO CONTINUE POPULATION GROWTH
- RENOVATED STUDENT FOCUSED MULTIFAMILY PROPERTIES IN BERKELEY COMMAND IMPRESSIVE RENTAL RATES & BERKELEY HAS EXCELLENT RENT GROWTH FORECASTED
- VALUE-ADD OPPORTUNITY WITH SIGNIFICANT OPERATIONAL & INCOME UPSIDE POTENTIAL - POTENTIAL FOR ADU CONVERSION & TO ADD BEDROOMS TO SEVERAL UNITS
- UC BERKELEY PROVIDED HOUSING OPTIONS ARE LIMITED & OUTDATED, YET AMONG THE MOST EXPENSIVE OPTIONS IN THE MARKET
- SITUATED IN BERKELEY'S COVETED GOURMET GHETTO DISTRICT, ONE OF THE MOST SUPPLY CONSTRAINED STUDENT RENTAL SUBMARKETS IN THE UNITED STATES
Property Facts
| No. Units | 15 | Building Size | 10,217 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.16 AC |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 10,217 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built | 1958 |
| Parking Ratio | 1.08/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Freezer
- Linen Closet
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 550 |
| 2+1 | 3 | - | 700 |
| 3+2 | 1 | - | 850 |
Property Taxes
| Parcel Number | 058-2179-006-00 | Improvements Assessment | $2,736,500 |
| Land Assessment | $1,500,000 | Total Assessment | $4,236,500 |
Property Taxes
Parcel Number
058-2179-006-00
Land Assessment
$1,500,000
Improvements Assessment
$2,736,500
Total Assessment
$4,236,500
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