2112 9th Street, Berkeley, CA 94710
$1,387,000
$1,387,000
Est.Price: ?

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5,201 Sqft Lot

2112 9th Street Berkeley, CA 94710

Est. payment /mo
SOLD DATE : 02/15/2024

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Key Details

Sold Price $1,387,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41038686

Sold Date 02/15/24

HOA Y/N No

Year Built 1962

Lot Size 5,201 Sqft

Property Description

Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-Unit complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing six units - including (4) inviting 1-bedroom units and two cozy studios - sprawls across approximately 2,736 square feet and comes with 6 parking spaces, coin laundry and secure bike racks. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5,200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. With an astonishing 42% upside in rental income potential, this property stands poised to yield an impressive annual income of $113,942, translating into an estimated gross rental income that surges past $9,495 each month, making it an irresistible proposition for those seeking substantial returns on their investments.

Location

State CA

County Alameda

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Total Parking Spaces 6

Others

Tax ID 5619717

Financing Conventional

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Listed by Jatin Mehta Pellego #02045713
Bought with Sukhjinder Singh Alliance Bay Realty
Jessica Lam

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