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Commercial Property — 2807 Shattuck Avenue, Berkeley, CA

$1,995,000

2807 Shattuck Avenue, Berkeley, CA

$1,995,000 — 2807 Shattuck Avenue, Berkeley, CA — photo 1 $1,995,000 — 2807 Shattuck Avenue, Berkeley, CA — photo 2 $1,995,000 — 2807 Shattuck Avenue, Berkeley, CA — photo 3 $1,995,000 — 2807 Shattuck Avenue, Berkeley, CA — photo 4 $1,995,000 — 2807 Shattuck Avenue, Berkeley, CA — photo 5
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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 (6) studios, (1) 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 details

Square feet
5,000
Year built
1896
Property type
CommercialSale

Location

2807 Shattuck Avenue • Berkeley, CA 94705

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Listed by

Travis Raciti · Luxmore Real Estate

Listing courtesy of Luxmore Real Estate. Information deemed reliable but not guaranteed.

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