2429 San Pablo Avenue
Berkeley, CA 94702
4
Bed
0
Bath
2,352Sqft
5,400Sqft(Lot)
Fully Occupied 4-Unit Value-Add Opportunity in Berkeley's West Berkeley Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, with four dedicated surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.40% cap rate) plus clear upside as rents move toward market levels (6.17% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along San Pablo Avenue one of the East Bay's most established residential and commercial corridors supports strong, consistent renter demand. Close to UC Berkeley, regional transpo
Property Details
Map
Map
What's Nearby
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Features
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Heating & Cooling
Has Heating: Yes Has Cooling: Yes Cooling: None
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Building Information
Year Built: 1942Building Area Total: 2352Private Pool: No
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Lot Information
Main Square Feet: 5400 Lot Size Acres: 0.124 Lot Size Source: Assessor Lot Size Square Feet: 5,400
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Listing Price Information
Listing Price: $1198000
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Tax Information
Parcel Number: 0561928022 Annual Tax: $20939
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Virtual Tour
Parking Information
Parking Total: 4 OffStreet
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Location Information
WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2433 San Pablo Avenue, Berkeley, CA, 94702 | $1,198,000 | 4 | -- | 2,352 | 5,450 Sq. Ft |
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ByOwner last updated this listing 10/06/2026 @ 21:25
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