Description

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).

Property details

Square feet

2,352

Year built

1942

Property type

Residential Income

Lot size

5,450 sqft

Location

2433 San Pablo Avenue • Berkeley, CA 94702

More homes for sale and rent in Berkeley, CA →

Listing Agent

Eymon Binesh

DRE #: 02060059

Brokerage: Marcus & Millichap

Similar Listings

Recent sales near 2433 San Pablo Avenue

1108 Dwight Way: Sold $1,200,000 · 2 bd · 2 ba · 1,059 sqft · Jun 2026 · 0.1 mi
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2534 Mathews Street: Sold $825,000 · 2 bd · 1 ba · 1,190 sqft · May 2026 · 0.2 mi
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2323 Browning St: Sold $1,650,000 · 3 bd · 1 ba · 1,355 sqft · May 2026 · 0.2 mi
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2426 West Street: Sold $1,113,000 · 2 bd · 1 ba · 1,066 sqft · Jul 2026 · 0.2 mi
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2220 Browning St: Sold $960,000 · 2 bd · 2 ba · 1,019 sqft · Jan 2026 · 0.3 mi
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Closed sales reported in 94702, nearest first, last 12 months. All recent sales in Berkeley →

CRMLS

MLS# ML82063627

Listed: 10/5/2026 8:35 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/5/2026 3:37 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Marcus & Millichap

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 2433 San Pablo Avenue, Berkeley, CA