2537 Fulton St | Berkeley, CA 94704
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- LoopNet Team
2537 Fulton St
Berkeley, CA 94704
5% Cap Rate Five Blocks From UC Berkeley · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8 UNITS + PENTHOUSE 5 BLOCKS FROM UC BERKELEY CAMPUS - Consists of ideal unit mix of 8 X 2-bedroom units & 1 penthouse studio unit (unwarranted)
- POTENTIAL TO INCREASE IN-PLACE RENTAL INCOME BY 18%-44% AND CURRENT NOI BY 31%-54%
- SEISMIC RETROFIT COMPLETED IN 2013 AND REMOVED FROM THE SOFT STORY LIST
- VALUE ADD POTENTIAL VIA CONVERTING TO 9 UNITS AND CREATING AN EXTRA BEDROOM IN UNIT 2
- ENTIRE BUILDING GUTTED AND RENOVATED IN 2013
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 7,033 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Zoning | R-2A | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,033 SF |
| No. Stories | 4 |
| Year Built | 1968 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | R-2A |
AMENITIES
UNIT AMENITIES
- Granite Countertops
- Stainless Steel Appliances
SITE AMENITIES
- Laundry Facilities
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 055-1829-014-00 | Improvements Assessment | $2,974,543 |
| Land Assessment | $1,279,807 | Total Assessment | $4,270,390 |
PROPERTY TAXES
Parcel Number
055-1829-014-00
Land Assessment
$1,279,807
Improvements Assessment
$2,974,543
Total Assessment
$4,270,390
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