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Berkeley, CA 94702-1710,1347 University Ave
Berkeley, CA 94702-1710,1347 University Ave
Berkeley, CA 94702-1710,1347 University Ave
$925,000
Est. payment /mo
$750,000
23.3%
Est.Price: ?

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5,148 Sqft Lot
SOLD DATE : 04/03/2025

Key Details

Sold Price $925,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41085207

Year Built 1943

Lot Size 5,148 Sqft

Property Sub-Type Quadruplex

Property Description

Two adjacent fourplexes in the heart of Berkeley's commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. 1337 for $600K, 1347 for $750K ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley's strongest rental markets. Buy one or both!

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Flooring Carpet, Tile, Vinyl, Wood

Exterior

Parking Features Carport

Building

Lot Description Front Yard, Street Level

Sewer Public Sewer

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California Regional MLS (CRMLS)
Listed by Joey Wang • Keller Williams Realty
Bought with Saundra Leonard • KW Bay Area Estates
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextrealestateadvisors.com

BUYING MY HOME

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