2807 Shattuck Avenue, Berkeley, CA 94705
2807 Shattuck Avenue, Berkeley, CA 94705
2807 Shattuck Avenue, Berkeley, CA 94705
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$1,995,000
Est. payment /mo
5,000 SqFt
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Sat Aug 08, 1:00pm - 3:00pm

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $399

MLS Listing ID ML82056468

HOA Y/N No

Year Built 1896

Lot Size 5,760 Sqft

Property Sub-Type Other

Property Description

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.

Location

State CA

County Alameda

Zoning R3

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s)

Fireplace No

Window Features Double Pane Windows

Exterior

View Y/N true

View Downtown, Hills

Building

Sewer Public Sewer

New Construction No

Others

Tax ID 53168524


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Bridge MLS
Listed by Travis Raciti • Luxmore Real Estate

NEARBY SCHOOL & BUSINESS

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