1420 Alcatraz Ave
Berkeley, CA 94702
0.24 acres | #41093906
Description
Stable cash flow of over $17,800 per month with approximately 10% upside remaining compared to market rents. 6.4% cap rate and 9.8 GRM with a strong 5.4% cash on cash return after financing. Diverse Unit Mix: The property offers an attractive unit mix, including (1) 3-bedroom, 1-bath unit; (1) 2-bedroom, 1 bath unit; (1) 2-bedroom, 2-bath unit; and (5) 1-bedroom, 1-bath units, catering to a variety of tenant demographics. Prime Location Within Desirable School District in Southwest Berkeley Neighborhood: Situated on the corner of Alcatraz and Sacramento, the property benefits from long-term tenant demand and is located within the Berkeley Public School district; a key decision driver for renters with children. Exceptional Walkability and Bikeability: With a Walk Score of 90 and a Bike Score of 93, tenants enjoy easy access to local shops, restaurants, and entertainment options without the need for a vehicle. Proximity to Public Transit: Just a 10-minute walk to Ashby BART Station and a 10-minute bike ride to the University of California, Berkeley, providing convenient transportation options for residents. Contact agent for complete marketing package
Property Details
- Property SubtypeResidentialIncome
- SubdivisionSOUTH BERKELEY
- Property TypeMulti-Family
- Lot DescriptionStreetLevel
- Original List Price$2,100,000
- MLS #41093906
- MLS #41093906
- CountyAlameda
- Taxes Annual$33,423
- Cost2100000
- Acres0.2378
- Year Built1916
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eric Keena (#CCBE-166027065)
Listing Office: BHHS Drysdale Properties (#CCBE-SWWH17)
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