$1,198,000
 $6,431 est/mo Sourced by Back At You

2433 San Pablo Avenue,Berkeley, CA 94702

Berkeley, CA 94702

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Description

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four 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 (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).

Details

MLS #ML82063627
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1942
Days On Site15
Listing Provided ByMarcus & Millichap | Eymon Binesh

Features

SQ Feet2,352
Story(s)2
Building(s)1
ZoningC-W
Acreage0.13

Interior

CoolingNone
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Foundation DetailsConcrete Perimeter

Parking

Parking FeaturesOff Street
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Property21589

Area Information

StateCA
CountyAlameda
CityBerkeley
Zip Code94702
Area699 Not Defined
Listing VS Median (in 94702)
Price:
$1,198,000
low | high
Med:
$975,000
68.614357262104% of Average
sqft:
2,352
low | high
Med:
1,037
100% of Average
$ / sqft:
$509
low | high
Med:
$940
34.589230202056% of Average
On site:
15
low | high
Med:
546
2.747252747253% of Average
Sourced by Back At You

Market Activity 94702

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyAlameda
CityBerkeley
Zip Code94702
Area699 Not Defined
Listing VS Median (in 94702)
Price:
$1,198,000
low | high
Med:
$975,000
68.614357262104% of Average
sqft:
2,352
low | high
Med:
1,037
100% of Average
$ / sqft:
$509
low | high
Med:
$940
34.589230202056% of Average
On site:
15
low | high
Med:
546
2.747252747253% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $898K - $1.497M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
2429 San Pablo Avenue Property Photo 1
$1,198,000
2429 San Pablo Avenue
Berkeley, CA 94702
Listing Updated: October 5, 2026 at 5:27:07 PM PDT