2920 Hillegass Ave
Berkeley, CA 94705
Multifamily Property For Sale · 5 Units

The Pinza Group is proud to present another well located Berkeley gem! 2920 Hillegass Avenue is a five unit multifamily building located in Berkeley's well known Elmwood area. Elmwood is known for being a family-friendly, desirable place to live with walkable streets, an assortment of unique and wide-ranging shops, and convenient access to BART, the Bay Area's Rapid Transportation line. Elmwood is located just off Rockridge BART, approximately four blocks down from the station. It is located at the south end of Berkeley, on the north edge of Oakland. The property boasts the perfect unit mix of a 3bd/2bth custom built, two story home which is completely turn key, and four 2bd/1bth units in the back of the property, all with upgraded kitchens and bathrooms, dual pane windows, balconies or patios, and much more. Each unit is separately metered for PG&E and water, making the property run more efficiently than similarly situated buildings. 2920 Hillegass allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value. Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Despite the thousands of students attending school on a daily basis, Berkeley remains a quiet neighborhood with a small-town character. 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 rarely come on the market in Berkeley, and this offers potential investors with significant upside, and the ability to cash flow from the first day of ownership. CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE