MLS® ID: 40870749

968 Addison St

BERKELEY, California, 94710

$4,250,000 Pending
  • 1 Beds
  • 1 Baths
  • - SQFT
Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.
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Listing courtesy of JOSEPH M. TAPIA, BROKER

Amenities

  • Full baths
    1
  • Full Baths Range
    1 Bath
  • Total Baths
    1
  • Zip
    94710
  • Office name
    JOSEPH M. TAPIA, BROKER
  • SQFT
    0
  • Bedrooms
    1
  • Property type
    Apt Complex
  • Year built
    1943
  • Lot size
    0.46
  • Sewer
    Other
  • Heating
    Wall Furnace
  • Agent name
    GRANT CHAPPELL
  • Purchase Type
    Pending
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Bedrooms Range
    1.0 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    41278

Location

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