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1337 University Ave, Berkeley, CA 94702-1763
$825,000
$600,000
37.5%
Est.Price: ?

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5,000 Sqft Lot

1337 University Ave Berkeley, CA 94702-1763

Est. payment /mo
SOLD DATE : 04/03/2025

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Key Details

Sold Price $825,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41085208

Sold Date 04/03/25

HOA Y/N No

Year Built 1944

Lot Size 5,000 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

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features Carport

Total Parking Spaces 4

Building

Lot Description Front Yard, Street Level, Yard

Sewer Public Sewer

Others

Tax ID 5720737

Financing Conventional

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Listed by Joey Wang Keller Williams Realty #01890931
Bought with Saundra Leonard KW Bay Area Estates
Jessica Lam

Whether it's finding the perfect place to call home,

 

Selling the home that no longer fits your needs,

 

Or strategically investing to build a secure future.

 

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