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Tabernacle Of Life 2351 San Pablo Ave 3,010 SF 100% Leased Retail Building Berkeley, CA 94702 $1,090,000 ($362.13/SF) 4% Cap Rate
Executive Summary
Lower price sell 2351 San Pablo Ave Berkeley mix use building with 5-6 parking space! Freshly painted exterior walls, shows very nice! Built in 1939, building is 3,010 sq. ft. Lot size 4,500 sq. ft. Fully occupied, annual income is about $71,000.00. Iron fence gate with electric openers. Downstairs is commercial space currently use for boxing training, upstairs and back are residential. Located in the corner of 2 busy streets, good for business and living! Unit 2351 $2596.88/month Unit 2353 $1800.00/month Unit 2351 1/2 $800.00/month Unit 2351 1/2 $725.00/month. Buyer can use the 1st floor to do business after give tenant notice to move out.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,010 SF
Building Class
C
Year Built
1939
Price
$1,090,000
Price Per SF
$362.13
Cap Rate
4%
NOI
$43,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.10 AC
Zoning
C1, Berkeley - Commercial
Parking
7 Spaces (1.99 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-1926-014-03 | Improvements Assessment | $477,906 |
| Land Assessment | $243,297 | Total Assessment | $721,203 |
Property Taxes
Parcel Number
056-1926-014-03
Land Assessment
$243,297
Improvements Assessment
$477,906
Total Assessment
$721,203
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Tabernacle Of Life | 2351 San Pablo Ave
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