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Listing 17 out of 413
$3,500,000 New For Sale

1257 Francisco St
Berkeley, CA 94702

6 units | Multi Family Home
7841 sq ft lot - MLS# 40881455
Property Photo
1/14

Description

This offering is in impeccable condition, located two blocks from North Berkeley BART. The property has been held by the same owner for over 23 years, and each unit has been highly renovated in the interior. The prime location, and high quality of building exterior and unit interiors, have led to a historical occupancy near 100%, with unit turnovers rented almost immediately, mostly to UC Berkeley graduate students. The property is located off the Ohlone Greenway which provides a dedicated bike trail with easy and direct bicycle access to UC Berkeley just 2 miles away. The low maintenance building sits on a large 7,840 square foot lot (per public records). The property has well laid out and spacious floor plans with three two bedroom one-and-a-half-bath apartments and three, three-bedroom / one-and-a-half bath units. Each unit has a private balcony, and common area patio.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94702
  • Year Built: 1964
  • Age: 55
  • Sq.Ft.: 5,625 sq ft
  • Units: 6 units
  • # of Parking Spaces: 6
  • Lot Size: 7841 sq ft lot
  • Addtl Features Misc.: Balcony/Patio, Garden
  • All Units Have: Deck, Dishwasher, Disposal
  • Annual Maint Exp: 1200
  • Annual Rent Inc: 1740
  • Annual Taxes: 42977
  • Annual Util Exp: 6480
  • Annual Vacancy: 6080
  • Apx Lot Sq Ft: 7660
  • Exterior: Stucco
  • Flooring: Linoleum, Partial Carpeting
  • Gross Income: $240,712
  • Heating: Other Heat
  • Lot Description: Level
  • On-Site Parking Desc: Parking Area
  • Operating Expenses: Insurance, Utilities
  • Separate Meters: Electric, Gas
  • Some Units Have: Dishwasher
  • Tenant Pays: Electric, Gas
  • Tot Ann Oper Exp: 72353
  • Unit # 1 # Of Bathrooms: 1.5
  • Unit # 1 # Of Bedrooms: 3
  • Unit # 2 # Of Bathrooms: 1.5
  • Unit # 2 # Of Bedrooms: 2
  • Unit 1 # Units This Type?: 3
  • Unit 2 # Units This Type?: 3
  • Water/Sewer: Water - Public
Courtesy of Marcus & Millichap, Jon Holmquist

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David N. Iphie
Dave Realty & Investments
303 Hegenberger Rd #311
Oakland, CA 94621
510-813-9216
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David N. Iphie | 510-813-9216 | Contact Me
303 Hegenberger Rd #311 - Oakland, CA 94621
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