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Eric Boyenga

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

Listed by Joey Wang, DRE #01890931 • Keller Williams Realty

$ 1,995,000

Est. payment | -/mo

10 Beds

4 Baths

3,336 SqFt

Save

$ 1,995,000

Est. payment | -/mo

Save

10 Beds

4 Baths

3,336 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,336 sqft

Price per Sqft $598

MLS Listing ID EB41143871

Bedrooms 10

Year Built 1943

Lot Size 5,500 Sqft

Property Sub-Type Fourplex

Source Bridge MLS

Property Description

One block from UC Berkeley. Four units, ten bedrooms, all vacant. 2713 Ridge Road sits on Berkeley's Northside, one block from campus and minutes from the Euclid Avenue corridor. Nothing here comes with a tenant to work around - ten bedrooms across four units, a blank page for a buyer to fill in from day one, right where the need for a bed near Cal renews every August. Two 2BR/1BA units and two 3BR/1BA units, 3,336 SF on a 5,500 SF lot, built 1943. Five years of ownership reinvestment mean capital goes into interiors, not the envelope: new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, replaced sewer lateral. Partial bay views. Gas and electricity separately metered. Garage, three permitted street spaces, basement storage rooms, plenty of upside in the garage level for parking or ADU exploration, subject to city approval. Projected gross income $172,800, an 11.5 GRM, $598/SF, $498,750 per unit. Buildings this close to campus rarely trade, and they almost never trade empty. This one is doing both.

Location

State CA

County Alameda

Area Berkeley Map Area 1

Zoning R-3H

Interior

Heating Electric

Flooring Tile, Vinyl

Laundry In Basement

Exterior

Exterior Feature Wood Shingles, Wood Frame

Parking Features Attached Garage

Garage Spaces 1.0

Roof Type Composition

Others

Tax ID 58-2204-6

Special Listing Condition New

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2713 Ridge Rd Berkeley, CA 94709