2215 Cedar St Active Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94709
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,601 sqft
Price per Sqft $499
MLS Listing ID MR41094858
Bedrooms 5
Year Built 1901
Lot Size 6,866 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Located at 2215 Cedar Street in the heart of North Berkeley, this property offers an excellent unit mix, consisting of (4) 2-bedroom units and (3) 1-bedroom unit. This combination provides a versatile rental opportunity, catering to a range of tenants. Each unit has been extensively renovated, with modern finishes and upgrades that make them highly attractive in today's market. The improvements, which include new siding, a new roof, plumbing, electrical systems, windows, decks, stairs, and tankless water heaters, were all completed with permits, ensuring quality and compliance. The property is fully occupied and currently generates over $15,080 per month in rental income, with significant upside potential. With an estimated 15% to 20% increase in rents, there is ample room for growth in cash flow. Additionally, the property includes 3-4 off-street parking for tenants, providing convenience and ensuring a hassle-free living experience. Onsite coin-operated laundry facilities are available for tenant use, adding extra value and ease to everyday living. Situated just a short walk from UC Berkeley, 2215 Cedar Street offers an A+ location that is highly sought after by students and professionals alike.
Location
State CA
County Alameda
Area Berkeley Map Area 1
Interior
Heating Gas
Cooling None
Flooring Wood
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features Tandem Parking
Garage Spaces 7.0
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 59-2256-16
Special Listing Condition Not Applicable