2629 Piedmont Ave
Berkeley, CA 94704
Multifamily Property For Sale · 5 Units

Open Showing Schedule with both Agents/Brokers and Investors Welcome: Thursday July 19th 2018 from 11:00 am – 12:00 noon Saturday July 21st 2018 from 1:00 pm to 2:00 pm Wednesday July 25th 2018 from 4:30 pm to 6:30 pm Contact the exclusive listing agents, Jon Holmquist and William Waters, for additional information or the complete offering memorandum. Located on a quiet street just one block from UC Berkeleys Clark Kerr Campus, this beautiful apartment building allows tenants the luxury of being within short walking distance from the Telegraph Shops, Berkeley Campus, and Memorial Stadium. This property is an ideal rental property for tenants ranging from students, to University employees, or anyone who wants to be near BART, public transportation and downtown Berkeley. Built in 1910 and located in one of the most highly desired zip codes in Berkeley, the property is constructed from wood framing with a shingle siding exterior. Additionally, the interiors of each unit are of traditional craftsman style construction with original details such as hardwood floors, moldings, and built-in cabinets. The property is comprised of two separate buildings on one parcel. The back building contains two 1-bedroom units and the front building contains two 1-bedroom units, one large 950 square foot 1-bedroom owners unit, and a non-conforming studio unit. The non-conforming studio, one 1-bedroom unit and owner’s unit will be delivered vacant at the close of escrow. Berkeley has proven to be one of the strongest rental markets in the Bay Area. As one of the safest communities with some of the best public schools, Berkeley stands out as one of the most desirable locations in the East Bay. This is a tremendous opportunity for a buyer to acquire an attractive investment property in a great location, in a strong rental market with a lack of developable land, good demographics, a diverse economic base, and a strong source of growth in U.C. Berkeley. Opportunities such as this, with significant upside and the ability to cash flow from the first day of ownership, rarely come on the market in the city of Berkeley.