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2327 Browning St
Berkeley, CA 94702
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 3,104 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1954/2018 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Zoning | R-2, Berkeley | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,104 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2018 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R-2, Berkeley |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Tub/Shower
ABOUT 2327 BROWNING ST , BERKELEY, CA 94702
Unique Owner occupant opportunity. Two Single Family Homes plus a Duplex. The mix of structures presents an owner with the opportunity to live in one or both of the fully renovated houses and rent out the remaining two or three units. Live in one house and let the other three units to cover your expenses. The owner is willing to deliver up to three units vacant or sign a two year lease for the two-bedroom house he is currently living in. This allows for flexibility upon purchase for the new owner. One of the houses is a large one-bedroom while the other is a large two-bedroom house with a potential in-law unit, or master suite waiting to be built below. Current owner is willing to buildout this extra space should the new owner desire that. Both houses get great natural light and feature tremendous upgrades such as quartz countertops, designer lighting, new cabinetry, stainless steel appliances and much more. There is beautiful hardwood flooring throughout the two-bedroom house. Both units of the duplex also contain beautifully maintained oak hardwood flooring. All four units are separately metered for water, gas and electricity thus keeping operating expenses very low. All units contain their own washer and dryer for the convenience of the residents. Ideal for an owner occupant who would like to live close to great shopping and dining or an investor who is looking for a well situated turn-key asset with value-add potential. The property is close to Berkeley Bowl West and the numerous cafes and shops of 4th Street nearby. There are great options for shopping, dining, and drinking in the 4th Street shopping district. Restaurants include, La Mission, Kabana, La Marcha Tapas Bar, Iyasare, and Bette’s Oceanview Diner. Shops and small stores include Apple Store, Anthropology, Sur La Table, Z Gallerie, Lululemon and many, many more. With the significant recent capital improvements in excess of $175k the property presents the new owner with a true turn-key investment opportunity. 2327 Browning Street offers an investor the opportunity to acquire a low maintenance property in a central location with good cash flow day 1 and a total return of over 5.45% year over year.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,731 | 650 |
| 1+1 | 1 | $2,599 | 1,000 |
| 2+1 | 1 | $4,000 | 1,200 |
PROPERTY TAXES
| Parcel Number | 056-1924-030-01 | Improvements Assessment | $1,414,714 |
| Land Assessment | $565,953 | Total Assessment | $1,980,667 |
PROPERTY TAXES
