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2223 San Pablo Ave 3 Unit Apartment Building $829,000 ($276,333/Unit) 4.33% Cap Rate Berkeley, CA 94702
Executive Summary
2223 San Pablo Avenue is a rare owner-user opportunity offering both a vacant street-front retail space and a vacant residential unit in Berkeley’s Poets Corner. The flexible mixed-use layout allows a buyer to occupy, customize, or re-tenant immediately.
The property features clear value-add potential, with deferred maintenance providing room for upgrades, modernization, and long-term repositioning. Located along the active San Pablo Avenue corridor—minutes to Downtown, BART, and Fourth Street—this site delivers strong visibility, steady traffic, and long-term upside in a supply-constrained market.
The property features clear value-add potential, with deferred maintenance providing room for upgrades, modernization, and long-term repositioning. Located along the active San Pablo Avenue corridor—minutes to Downtown, BART, and Fourth Street—this site delivers strong visibility, steady traffic, and long-term upside in a supply-constrained market.
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 056-1983-033-00 | Improvements Assessment | $25,931 |
| Land Assessment | $119,750 | Total Assessment | $145,681 |
Property Taxes
Parcel Number
056-1983-033-00
Land Assessment
$119,750
Improvements Assessment
$25,931
Total Assessment
$145,681
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2223 San Pablo Ave