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2875 California St
Berkeley, CA 94703
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,024 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | R-2A | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,024 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R-2A |
ABOUT 2875 CALIFORNIA ST , BERKELEY, CA 94703
2875 California Street is a ±1957 vintage, eight unit, multifamily property in a strong Berkeley, CA rental market. The building is ±6,024 SF on a ±10,195 SF parcel. All units are two bedroom, one bath with desirable floor plans averaging ±750 SF. PG&E is separately metered. Wall heat and cooking is gas. Units have individual water heaters and meters. The property if dully parked with one space per unit. An owned 1W/1D coin operated laundry is onsite. The 2875 California Street location has good proximity to BART, public transit and freeways. It is just 8 minutes, 1.6 miles to Cal. Community retail and services are conveniently nearby. Contiguous 1611 Russell Street, 10+ units, is also on the market at $2,500,000. Combined, 2875 California and 1611 Russell, 18+ units, is on the market at $4,600,000 equating to $255,556 a unit and a ±5.0% cap rate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,045 | 690 - 828 |
PROPERTY TAXES
| Parcel Number | 053-1673-020-00 | Improvements Assessment | $1,692,312 |
| Land Assessment | $874,904 | Total Assessment | $2,567,216 |
PROPERTY TAXES
