2925 Mabel St, Berkeley, CA 94702
- $1,600,000
Listed by Davide Pio, (510) 815-2000 from BCRE
(If provided) CoList: Brian Baniqued from BCRE
- List Price
- $1,600,000
- MLS#
- CC41142511
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- City
- Berkeley
- Lot Size
- 12,830
- Zip
- 94702
- Listing Area
- Berkeley Map Area 8
- Acres
- 0.30
- Neighborhood
- West Berkeley
- Year Built
- 1889
Property Description
Cap Rate - 3.67% (Current) | GRM - 10.98 (Current) Cap Rate - 6.08% (Proforma) | GRM - 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in total). Located in Southwest Berkeley, the property is under one (1) mile from Ashby BART or quick access to Highway 80, allowing easy connections to Oakland, San Francisco, and the surrounding East Bay. A short distance to both UC Berkeley and Emeryville activities, the surrounding area offers an abund
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Additional Information
- Amenities
- None
- Cooling System
- Other
- Exterior Features
- Stucco, Siding - Wood, Wood Frame
- Floor Covering
- Other
- Garage Parking
- Parking Area
- Heating System
- Wall Furnace
- Lot Description
- Grade - Level, Regular
- Lot Size
- 12,830
- Neighborhood
- Berkeley Map Area 8
- Numberof Units
- 7
- Roof
- Tar and Gravel, Composition
- Unincorporated Yn
- Yes
- Unit1 Baths
- 2
- Unit2 Baths
- 1
- Unit3 Baths
- 1
- Zoning
- R3
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