1420 Alcatraz Ave, Berkeley CA 94702 (Off Market)

For Sale, USD 2,100,000


1420 Alcatraz Ave, Berkeley CA 94702,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 4,755 ft² / 442 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property 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
More
1420 Alcatraz Ave, Berkeley CA 94702, United States,California,Berkeley is a 4,755ft² Berkeley luxury Multi-Family Home listed for sale USD 2,100,000. This high end Berkeley Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Berkeley or search for luxury properties for sale in Berkeley.