Active
1337 University Ave
Berkeley CA, 94702
$1,350,000
$259.92 per sqft
Active
5,194 sqft
Commercial
Built in 1944
Two adjacent fourplexes in the heart of Berkeley's commercial corridor, that can be bought separately or together. The properties are located on a major thoroughfare, just steps from Target, top dining options, and North Berkeley BART, ensuring seamless tenant connectivity across the Bay Area. 1337 University features two 1-bed/1-bath and two 2-bed/1-bath units, while 1347 University consists of four 1-bed/1-bath units, totaling eight rental units on a combined 10,150 sq. ft. lot. C-U zoning presents strong cash flow and redevelopment potential. Current rents sit at $11,800/month with a market potential of $17,000/month, offering significant rental upside. At just $675K per fourplex ($1.35M total, under $170K/unit), this is an exceptional value-add opportunity in one of Berkeley's strongest rental markets. Buy one or both!
41085101
MLSⓇ ID
February 7, 2025
Listed
February 14, 2025
Updated
Interior Features
Interior Features
Storage
Appliances
Dryer, Washer, Gas Water Heater
Laundry Description
Dryer, Laundry Closet, In Unit, Washer, Washer/Dryer Hookups, In Kitchen
Floor Description
Hardwood, Partial Carpeting, Tile, Vinyl
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas, Wall Furnace, Hot Water
Exterior/Building Features
Lot Size
0.23 Acres
Lot Features
Level, Landscape Front, Paved
Roof
Shingle
Sewer
Public Sewer
Window
Window Coverings
Other Property Details
Area Name
Berkeley
Garage
No
Parking
Carports - 2 Or More, Space Per Unit - 1, Uncovered Parking Space, Uncovered Park Spaces 2
View
No
County
Alameda
Water Source
Public
Pool
No
Utilities
All Public Utilities, Natural Gas Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
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Listed by Joey Wang with Keller Williams Realty
Listing Contact: 510-592-4244
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