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Eric Boyenga

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

Listed by Jatin Mehta, DRE #02045713 • Kite Hill Real Estate

$ 2,300,000

Est. payment | -/mo

5 Beds

2 Baths

4,601 SqFt

Save

$ 2,300,000

Est. payment | -/mo

Save

5 Beds

2 Baths

4,601 SqFt

Key Details

Property Type Multi-Family

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

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2215 Cedar St Berkeley, CA 94709