968 Addison St
Berkeley, CA 94710
Price Reduced! Economic Opportunity Zone · Multifamily Property For Sale
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18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.46 AC |
| Property Type | Multifamily | Building Size | 11,480 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1943 |
| Building Class | C | Parking Ratio | 1.57/1,000 SF |
| Zoning | N/Av Alameda | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,480 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | N/Av Alameda |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
About 968 ADDISON ST , BERKELEY, CA 94710
We are proud to present 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of nearly 8%, this building provides long term upside for future owner. The subject property is located on the South side of Addison Street between Eighth and Ninth Street in West Berkeley. Only two blocks away from San Pablo Avenue, tenants benefit from being a short walk to a large selection of highly rated restaurants and retail options. The upscale 4th Street shopping and Berkeley Bowl are both located a few blocks from the property. With close proximity to the 580 Freeway, Amtrak and North Berkeley BART, this location will appeal to a broad tenant base.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 625 |
| 2+1 | 6 | - | 736 |
Property Taxes
| Parcel Number | 056-1971-005-01 | Improvements Assessment | $2,301,000 |
| Land Assessment | $1,500,000 | Total Assessment | $3,801,000 |
Property Taxes
