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2127-2143 Dwight Way
8 Units W/ Potential to Build 28+ Units · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
IDEALLY & CENTRALLY LOCATED IN SOUTH BERKELEY JUST 4 BLOCKS FROM THE UC BERKELEY CAMPUS, THE # 1 UNIVERSITY IN AMERICA PER FORBES
COVERED LAND PLAY DEVELOPMENT OPPORTUNITY LOCATED IN A DESIGNATED OPPORTUNITY ZONE
POTENTIAL VALUE-ADD CONCEPT TO ADD BEDROOMS TO EXISTING UNITS, INCREASE OCCUPANCY AND INCREASE RENTS BY APPROXIMATELY 57% AND THE NET OPERATING INCOME
8 UNITS SPREAD ACROSS TWO FOURPLEXES ON THEIR OWN SEPARATE & LARGE PARCELS
CURRENT ZONING MAY ALLOW FOR THE ADDITION OF UP TO A ±16,870+ SQ. FT. RESIDENTIAL BUILDING AND THE RETENTION OF THE EXISTING 8 UNITS
WALKER’S PARADISE (96 WALK SCORE), BIKER’S PARADISE (99 BIKE SCORE), 1/2-MILE TO DOWNTOWN BERKELEY BART
PROPERTY FACTS
No. Units
8
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.28 AC
Building Size
5,172 SF
Average Occupancy
87%
No. Stories
2
Year Built
1944
Parking Ratio
3.87/1,000 SF
Zoning
C-SA
AMENITIES
UNIT AMENITIES
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
5
-
-
2+1
3
-
-
PROPERTY TAXES
Parcel Numbers
Multiple
055-1890-010-00
055-1890-009-00
Improvements Assessment
$3,105,900
Land Assessment
$1,331,100
Total Assessment
$4,437,000
