2711 Shattuck AVE, Berkeley, CA 94705 - MLS#424078872

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Keith Manson CBRE

$ 5,270,000

Est. payment | -/mo

1 Bath

10,451 SqFt

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$ 5,270,000

Est. payment | -/mo

Save

1 Bath

10,451 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,451 sqft

Price per Sqft $504

MLS Listing ID 424078872

Full Baths 1

HOA Y/N No

Year Built 2018

Lot Size 5,324 Sqft

Acres 0.1222

Property Description

2711 Shattuck Ave is a newly constructed (built in 2018), 4-story apartment building featuring 22 fully furnished studio units on Shattuck Ave in South Berkeley. This prime location is just steps from UC Berkeley, Downtown Berkeley, and the Southside Neighborhood. The building showcases cutting-edge prefabricated modular steel construction, offering a unique chance to acquire a modern property at an attractive basis under $240,000 per unit. There is assumable debt available with a 3.93% 5-year fixed interest rate at ~60% loan-to-value ratio amortized over 30 years making the cash-on-cash return of this newly constructed investment property roughly 5%. The unit's size range from 306-327 SF and feature 9 ft ceilings, operable oversized floor-to-ceiling dual pane windows with custom blackout fabric roller shades and individually controlled & metered AC/Heat mini split units. The modern interior finishes include a custom murphy bed that doubles as a sofa, custom cabinetry, stone counter tops, stainless-steel Energy Star appliances, oversized showers with subway tile surrounds & glass swinging doors, full-width vanities with quartz counter tops and porcelain tile flooring. The units are individually metered for electric and submetered for water.

Location

State CA

County Alameda

Area Berkeley Map Area 9

Rooms

Basement None

Interior

Interior Features Formal Entry

Heating Individual, See Remarks

Cooling Individual, See Remarks

Flooring Tile, Wood

Fireplace No

Window Features Double Pane Windows

Appliance Dishwasher, Electric Cooktop, Free-Standing Refrigerator, Microwave

Laundry Coin Operated, Common Area

Exterior

Exterior Feature Yard Space

Utilities Available Separate Meters (Other)

Roof Type Flat

Total Parking Spaces 1

Building

Lot Description Curbs/Gutters, Sidewalk

Story 4

Foundation Concrete, Slab

Sewer Public Sewer

Water Public

Level or Stories Four

New Construction Yes

Others

Tax ID 0541719038

Acceptable Financing Assumable

Listing Terms Assumable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA