$1,995,000
Under Contract2807 Shattuck Avenue
Berkeley CA 94705
5,000
SF
Commercial
Type
1896
Built
$399/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (5) studios, (2) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.
Property Information
Property Overview
Commercial
Property Type
ActiveUnderContract
Status
R3
Zoning
0.1322 acres
Lot Size
5,000 SF
Square Footage
$399.00/SF
Price per SF
$24,584
Annual Tax
1,896
Year Built
6
Parking Total
1.20
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82056468
Listed:
Nalren refreshed:
Last updated
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Listed by: Luxmore Real Estate
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.