Contacts
Kite Hill Real Estate
Property Details
- Property Type Multi-Family
- Property Size 5,200 SF
- Units 7
- Lot Size 0.16 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1953
- Date Updated Feb 5, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- Two Buildings on One Lot: The property consists of a front-facing triplex (1628) and a rear 4-plex (1630), providing a diverse mix of unit configurations.
- Significant Capital Improvements: Over $800,000 invested in capital improvements since 2019, with 5 of 7 units fully renovated to feature modern, high-quality finishes.
- Diverse Unit Mix: The property offers an attractive unit mix, including one 4-bedroom, 2-bath unit; one 3-bedroom, 2-bath unit; one 3-bedroom, 1-bath unit; and four 1-bedroom, 1-bath units, catering to a wide range of tenant demographics.
- Generous Rentable Space: Spanning 5,200 square feet of rentable living space on a 6,750 square foot lot, the property maximizes potential rental income while offering spacious living accommodations for tenants.
- Prime Location in Ashby Neighborhood: Situated in the sought-after Ashby area of Berkeley, this property benefits from long-term tenant demand and is within close proximity to key amenities, creating a stable rental market.
- Exceptional Walkability and Bikeability: With a Walk Score of 88 and a Bike Score of 98, 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.
- Strong Cash Flow Potential: The property is currently generating strong in-place rental income with an opportunity to increase Net Operating Income (NOI) by up to 15%, offering potential for significant value enhancement.
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Berkeley, CA
- Neighborhood South Berkeley
- Zip Code 94703
- Market Bay Area
Points of Interest
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Ashby
0.31 miles
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Emeryville
1.23 miles
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Downtown Berkeley
1.27 miles
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North Berkeley
1.54 miles
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MacArthur
1.71 miles
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Berkeley
1.72 miles
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19th Street BART Street Elevator
3.17 miles
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Oakland City Center - 12th Street
3.41 miles
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Redwood Valley Railway
3.45 miles
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West Oakland
3.48 miles
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BioFuel Oasis
0.23 miles
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Chevron
0.50 miles
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Alaska Gas
0.74 miles
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Telegas
0.81 miles
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76
0.85 miles
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Fuel 24:7
0.92 miles
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Mobil
0.96 miles
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Shell
1.11 miles
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EVgo
1.32 miles
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Tesla Supercharger
1.33 miles
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Tool Library
0.35 miles
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Berkeley Bowl West Parking
0.79 miles
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Berkeley Bowl parking
0.84 miles
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Alta Bates parking
0.85 miles
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Kaiser Permanente employee parking
0.87 miles
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The Courtyards at 65th Street Garage
1.07 miles
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Children's Hospital & Research Center Oakland - Parking Garage
1.09 miles
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Ellsworth Parking Structure
1.16 miles
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UCB Parking
1.16 miles
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Oxford Garage
1.21 miles
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Rose Garden Inn
0.99 miles
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Downtown Berkeley Inn
1.07 miles
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Chaparral Motel
1.08 miles
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Downtown Berkeley YMCA Hotel
1.18 miles
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Hotel Shattuck Plaza
1.20 miles
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Howard Johnson Berkeley
1.26 miles
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Travelodge
1.27 miles
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Super 8 Berkeley
1.29 miles
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Quality Inn University
1.30 miles
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Aiden by Best Western
1.30 miles
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Berkeley Bowl
0.53 miles
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Berkeley Bowl West
0.82 miles
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Whole Foods Market
0.83 miles
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Gateway Grocery
0.83 miles
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Target
1.24 miles
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Public Market
1.28 miles
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Safeway
1.28 miles
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Trader Joe's
1.32 miles
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Mi Tierra
1.39 miles
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Star Grocery
1.49 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Kite Hill Real Estate