1951 Chestnut St | Berkeley, CA 94702
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- LoopNet Team
1951 Chestnut St
Berkeley, CA 94702
4.5% CAP Rate -36 Units Near N. Berkeley BART · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- GREAT VALUE-ADD OPPORTUNITY WITH HUGE RENTAL INCOME UPSIDE POTENTIAL
- 94 WALKSCORE & 100 BIKE SCORE- DESIGNATED AS A WALKER'S & BIKER'S PARADISE
- POTENTIAL FOR 5.88% CASH ON- CASH RETURN IN YEAR 1
- EXTENSIVE INTERIOR AND EXTERIOR CAPITAL IMPROVEMENTS COMPLETED OVER THE LAST SEVERAL YEARS
PROPERTY FACTS
| No. Units | 36 | Building Size | 17,555 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.74/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R-4 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 17,555 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1927 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Bay Window
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Double Pane Windows
- Freezer
- Intercom
- Island Kitchen
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Vintage Building
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | - | - |
PROPERTY TAXES
| Parcel Number | 057-2081-021-00 | Improvements Assessment | $6,762,497 |
| Land Assessment | $3,820,320 | Total Assessment | $10,630,913 |
PROPERTY TAXES
Parcel Number
057-2081-021-00
Land Assessment
$3,820,320
Improvements Assessment
$6,762,497
Total Assessment
$10,630,913
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